Lincoln Road Bulk Condos Hit Market
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The Lincoln Road property is within walking distance of world-class shopping.
MIAMI—Bulk condo sales are still hitting the market—and this one is especially significant. Avison Young is marketing Lincoln West Gardens, a five-story 40-unit residential tower at 1250 Lincoln Road in Miami Beach.
Avison principal and director Michael T. Fay and managing director and principal John K. Crotty are representing the seller, LWG Condominium Association.
“There is limited available opportunities to invest in properties on high-street corridors as iconic as Lincoln Road, especially since market rents continue to be at the apex for both retail and residential asset classes,” Crotty tells GlobeSt.com. “Offers are currently being accepted, and we expect savvy investors will want to take advantage of the tremendous upside to be gained from mixed-use redevelopment within this location.”…
