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1224 NE 163rd St 11,948 SF Vacant Retail Building North Miami Beach, FL 33162 $4,796,435 CAD ($401.44 CAD/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
$4,796,435 CAD
Price Per SF
$401.44 CAD
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
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 | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Versatile retail uses, has some components for restaurant use
| Space | Size | Space Use | Position | Available |
| 1232 | 3,000 SF | Restaurant | In-Line | Now |
1232
| Size |
| 3,000 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1232
| Size | 3,000 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
Versatile retail uses, has some components for restaurant use
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-2217-017-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,564,704 CAD |
Property Taxes
Parcel Number
07-2217-017-0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,564,704 CAD
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1224 NE 163rd St
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