1222 NE 163rd St 11,948 SF Vacant Retail Building North Miami Beach, FL 33162 $3,500,000 ($292.94/SF)
INVESTMENT HIGHLIGHTS
- In the heart of North Miami Beach
- 15 minutes from ocean
- Across the street of 163 St. Mall
EXECUTIVE SUMMARY
Located in the heart of the NE 163rd Street Commercial Business District, this iconic two-story corner building offers a prime investment opportunity. Just 10 minutes from the ocean and with easy access to I-95, the Turnpike, and all major highways, this property is perfectly positioned for maximum visibility and convenience. Currently set up as a restaurant, retail space downstairs, and a banquet hall upstairs, the building is zoned BU-2, allowing for a variety of business uses. Directly across from the 163rd Street Mall, which is home to popular department stores such as Ross, Walmart, and Home Depot, the location benefits from high foot traffic and visibility. Additionally, the property includes extra parking lots at the rear, offering ample space for customers and clients. Call today
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,948 SF
Building Class
C
Year Built
1957
Price
$3,500,000
Price Per SF
$292.94
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.44
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
B-2 - Community Business
Parking
18 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
75’ on 163rd
AMENITIES
- Corner Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Bamboo Garden
- Retailer
- 3,800 SF
- -
- Modified Gross
- -
- Banquet Hall
- -
- 4,000 SF
- -
- -
- -
- Retail store
- -
- 1,500 SF
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Bamboo Garden | Retailer | 3,800 SF | - | Modified Gross | - | |
| Banquet Hall | - | 4,000 SF | - | - | - | |
| Retail store | - | 1,500 SF | - | - | - |
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-2217-017-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,037,980 |
