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1745-1747 NE 124th St 1745-1747 NE 124th St 3,997 SF 15% Leased Office Building North Miami, FL 33181 $2,075,000 ($519.14/SF)
Investment Highlights
- Prime Biscayne Blvd location
- Compelling redevelopment potential
- Strong Owner-User Opportunity
- Flexible C-2BW Zoning
- Covered Land Play
Executive Summary
1747 NE 124th Street presents a compelling opportunity to acquire a 3,406 SF office building
situated on an oversized 13,680 SF lot, just one parcel off US-1/Biscayne Boulevard in North
Miami. The property is zoned C-2BW, allowing for a wide range of uses including retail, office,
restaurant, medical, and multifamily.
The asset is well-suited for an owner-user seeking a strategically located professional space with
strong visibility and accessibility along a major commercial corridor.
For developers, the site offers meaningful redevelopment potential, with zoning permitting
up to 200 feet in height and approximately 150 units per acre. The existing improvements and 18
on-site parking spaces provide immediate functionality while preserving future
redevelopment opportunity.
situated on an oversized 13,680 SF lot, just one parcel off US-1/Biscayne Boulevard in North
Miami. The property is zoned C-2BW, allowing for a wide range of uses including retail, office,
restaurant, medical, and multifamily.
The asset is well-suited for an owner-user seeking a strategically located professional space with
strong visibility and accessibility along a major commercial corridor.
For developers, the site offers meaningful redevelopment potential, with zoning permitting
up to 200 feet in height and approximately 150 units per acre. The existing improvements and 18
on-site parking spaces provide immediate functionality while preserving future
redevelopment opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,997 SF
Building Class
C
Year Built
1956
Price
$2,075,000
Price Per SF
$519.14
Percent Leased
15%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,604 SF
Building FAR
0.29
Lot Size
0.31 AC
Zoning
C-2BW - Commercial
Parking
18 Spaces (8.18 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Kitchen
- Storage Space
- Air Conditioning
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-2229-007-0430 | Improvements Assessment | $240,782 |
| Land Assessment | $1,162,800 | Total Assessment | $1,403,582 |
Property Taxes
Parcel Number
06-2229-007-0430
Land Assessment
$1,162,800
Improvements Assessment
$240,782
Total Assessment
$1,403,582
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1745-1747 NE 124th St | 1745-1747 NE 124th St
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