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1651 NE 163rd St
North Miami Beach, FL 33162
Retail Property For Sale


Investment Highlights
- Unrivaled Visibility & Accessibility Commanding Frontage: Extensive linear footage on a six-lane major thoroughfare ensures your brand is seen
- Strategic Transit Hub: Located within the city's visionary Mixed-Use (MU) Overlay, designed to support high-density, pedestrian-friendly, and transit-
- Massive Traffic Counts: Benefit from a constant flow of commerce with over 55,000 to 60,000 vehicles passing daily
- Prime Mixed-Use Development Opportunity
Executive Summary
Prime Mixed-Use Development Opportunity
1651 NE 163rd Street, North Miami Beach, FL 33162
The Gateway to North Miami Beach
Position your business or investment at the epicenter of South Florida’s most dynamic transit corridor. This premier property offers unparalleled exposure on the legendary NE 163rd Street (SR-826), a high-intensity, six-lane arterial that serves as the primary gateway connecting I-95 to the upscale coastal enclaves of Sunny Isles Beach and Aventura.
Unrivaled Visibility & Accessibility
Commanding Frontage: Extensive linear footage on a six-lane major thoroughfare ensures your brand is seen by a captive audience.
Massive Traffic Counts: Benefit from a constant flow of commerce with over 55,000 to 60,000 vehicles passing daily.
Strategic Transit Hub: Located within the city's visionary Mixed-Use (MU) Overlay, designed to support high-density, pedestrian-friendly, and transit-oriented development.
A Thriving Retail & Economic Powerhouse
The property is nestled within a dense, high-barrier-to-entry retail environment. It is surrounded by a "who’s who" of national tenants and local staples, creating a synergistic ecosystem that drives constant foot and vehicle traffic.
Retail Neighbors: Steps away from The Mall at 163rd Street, Walmart Supercenter, Home Depot, and a sophisticated mix of international dining and professional services.
Mixed-Use Versatility: The zoning encourages a vibrant blend of commercial, retail, and residential integration, allowing for a vertical "live-work-play" destination that meets the modern demand for urban connectivity.
Compelling Demographics
Tap into a diverse and growing population that fuels the local economy:
Primary Trade Area: North Miami Beach is home to over 43,000 residents with a high density of over 9,000 people per square mile.
Economic Growth: The area has seen a nearly 10% growth in median household income recently, now averaging over $63,000, with property values climbing over 15% annually.
Diverse Consumer Base: A vibrant, multicultural community with a strong workforce—79% of whom are employed in professional or administrative roles.
Investment Summary
1651 NE 163rd Street is more than just a location; it is a strategic asset in one of Miami’s most aggressive revitalization zones. Whether you are looking to establish a flagship retail presence, professional headquarters, or a landmark mixed-use development, this site offers the visibility, volume, and vision required for long-term success.
Don’t just join the market—dominate it.
1651 NE 163rd Street, North Miami Beach, FL 33162
The Gateway to North Miami Beach
Position your business or investment at the epicenter of South Florida’s most dynamic transit corridor. This premier property offers unparalleled exposure on the legendary NE 163rd Street (SR-826), a high-intensity, six-lane arterial that serves as the primary gateway connecting I-95 to the upscale coastal enclaves of Sunny Isles Beach and Aventura.
Unrivaled Visibility & Accessibility
Commanding Frontage: Extensive linear footage on a six-lane major thoroughfare ensures your brand is seen by a captive audience.
Massive Traffic Counts: Benefit from a constant flow of commerce with over 55,000 to 60,000 vehicles passing daily.
Strategic Transit Hub: Located within the city's visionary Mixed-Use (MU) Overlay, designed to support high-density, pedestrian-friendly, and transit-oriented development.
A Thriving Retail & Economic Powerhouse
The property is nestled within a dense, high-barrier-to-entry retail environment. It is surrounded by a "who’s who" of national tenants and local staples, creating a synergistic ecosystem that drives constant foot and vehicle traffic.
Retail Neighbors: Steps away from The Mall at 163rd Street, Walmart Supercenter, Home Depot, and a sophisticated mix of international dining and professional services.
Mixed-Use Versatility: The zoning encourages a vibrant blend of commercial, retail, and residential integration, allowing for a vertical "live-work-play" destination that meets the modern demand for urban connectivity.
Compelling Demographics
Tap into a diverse and growing population that fuels the local economy:
Primary Trade Area: North Miami Beach is home to over 43,000 residents with a high density of over 9,000 people per square mile.
Economic Growth: The area has seen a nearly 10% growth in median household income recently, now averaging over $63,000, with property values climbing over 15% annually.
Diverse Consumer Base: A vibrant, multicultural community with a strong workforce—79% of whom are employed in professional or administrative roles.
Investment Summary
1651 NE 163rd Street is more than just a location; it is a strategic asset in one of Miami’s most aggressive revitalization zones. Whether you are looking to establish a flagship retail presence, professional headquarters, or a landmark mixed-use development, this site offers the visibility, volume, and vision required for long-term success.
Don’t just join the market—dominate it.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,923 SF
Building Class
C
Year Built
1965
Price
$3,499,770
Price Per SF
$352.69
Cap Rate
4.67%
NOI
$163,352
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.48 AC
Zoning
6600 - 6600 mixed use
Parking
15 Spaces (1.51 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Signage
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 07-2217-003-0830 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,942,320 |
Property Taxes
Parcel Number
07-2217-003-0830
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,942,320
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