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STAND-ALONE RETAIL/OFFICE BUILDING 1420 NE 163rd St 2,529 SF Retail Building North Miami Beach, FL 33162 $1,275,000 ($504.15/SF)
EXECUTIVE SUMMARY
Apex Capital Realty is delighted to offer the opportunity to purchase 1420 NE 163rd ST in North Miami Beach. The 2,529 square foot stand-alone building fronting North Miami Beach’s main corridor NE 163rd ST – connecting I-95 to Biscayne Blvd, as well as impressive submarkets including Aventura, Sunny Isles, Bal Harbour, Surfside, and North Miami.
The site boasts exceptional visibility with an average daily traffic count of over 56,000 vehicles. On-site parking includes five dedicated spaces, with additional access to a free, first-come, first-serve City of North Miami Beach public parking lot adjacent to the property.
Previously configured for two tenants, the building features a flexible layout with two front entrances and two rear exits. While part of the central demising wall has been opened up in the rear, the structure lends itself well to multi-tenant or creative use configurations.
With its prime location, high traffic exposure, and versatile design, this property presents a compelling opportunity for businesses looking to establish a presence along one of North Dade’s most strategic and affluent corridors.
The site boasts exceptional visibility with an average daily traffic count of over 56,000 vehicles. On-site parking includes five dedicated spaces, with additional access to a free, first-come, first-serve City of North Miami Beach public parking lot adjacent to the property.
Previously configured for two tenants, the building features a flexible layout with two front entrances and two rear exits. While part of the central demising wall has been opened up in the rear, the structure lends itself well to multi-tenant or creative use configurations.
With its prime location, high traffic exposure, and versatile design, this property presents a compelling opportunity for businesses looking to establish a presence along one of North Dade’s most strategic and affluent corridors.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,529 SF
Building Class
C
Year Built
1946
Price
$1,275,000
Price Per SF
$504.15
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
MU/IB-E - MIXED USE INTERNATIONAL BOULEVARD
Parking
5 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
52’ on 163rd St
AMENITIES
- Bus Line
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1420
- 1,348 SF
- Retail
- In-Line
- Now
- 1422
- 1,181 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1420 | 1,348 SF | Retail | In-Line | Now |
| 1422 | 1,181 SF | Office/Retail | - | Now |
1420
| Size |
| 1,348 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1422
| Size |
| 1,181 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-2217-005-0280 | Improvements Assessment | $250,300 |
| Land Assessment | $660,000 | Total Assessment | $910,300 |
PROPERTY TAXES
Parcel Number
07-2217-005-0280
Land Assessment
$660,000
Improvements Assessment
$250,300
Total Assessment
$910,300
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STAND-ALONE RETAIL/OFFICE BUILDING | 1420 NE 163rd St
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