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1825 NE 163rd St

$1,299,000

Description

APEX Capital Realty is proud to present a prime 3,050 Sq. Ft. commercial building sitting on a 7,000 Sq. Ft. lot located near a signaled intersection on the highly trafficked NE 163rd Street corridor in North Miami Beach. Zoned MU/TC, this property has a variety of allowable uses including hotel, multi-family, retail and office. This property can be sold to an owner-user, or an investor looking to maximize on the strong rental rates afforded to this corridor due to its direct proximity to Biscayne Boulevard and I-95 access points.

Property Summary

  • Lot Size: 7,000 Sq. Ft. (0.16 acres)
  • Building Size: 3,050 Sq. Ft.
  • Zoning: MU/TC
  • Lot Dimensions: 50′ x 140′ approx.
  • ASKING PRICE: $1,299,000

Property Highlights

  • Property is located within the North Miami Beach Community Redevelopment Agency’s (CRA) boundaries, potentially allowing for community grants toward businesses entering the area.
  • Daily traffic volume of 65,000 VPD
  • Average rental rates for retail in this highly trafficked area are between $25-$30/SF
  • This property can be sold to an owner-user, or an investor looking to maximize on the strong rental rates afforded to this corridor due to its direct proximity to Biscayne Boulevard and I-95 access points.

  

Property Documents

Address

  • City: North Miami Beach
  • State/county: Florida
  • Country: United States

Detail

Updated on December 15, 2020 at 7:42 am

  • Price: $1,299,000
  • Property Size: 3050 SF
  • Land Area: 7000 SF
  • Property Type: Mix-Use, Office, Retail
  • Property Status: For Sale

Contact info

Miguel Pinto
Miguel Pinto

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