698 NE 167th St | Miami, FL 33162
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- LoopNet Team
698 NE 167th St
Miami, FL 33162
House of Platinum Cannabis · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease | Recent 10.75-Year Extension at Tenant's Request | Corporate Guarantee | 10% Rent Increases Every 5 Years
- High Traffic Area | 57,500+ VPD | One of Only Three Direct Access Thoroughfares to North Miami Beaches
- Infill Location | 199,000+ Residents | $108,000+ Avg HH Income | Strong Daytime Population
- Substantial Tenant Improvement | All Renovations At Tenant's Own Cost & Expense | Excellent Intrinsic Value | High Barrier to Entry Sub-Market
- 1 Mile to Golden Glades Interchange – 550,000+ VPD, $908 Million Expansion Project
- Within 3 Miles of Three Major Mixed-Used Developments | $4.6 Billion Currently Under Development
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,255 SF
Building Class
B
Year Built/Renovated
1956/2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.30 AC
Zoning
BU-1 - The Property features BU-1 zoning which allows for retail and service convenience facilities which satisfy the needs of adjacent residential.
Frontage
100’ on 167th St
PROPERTY TAXES
| Parcel Number | 30-2218-003-0010 | Improvements Assessment | $830,000 |
| Land Assessment | $1,170,000 | Total Assessment | $2,000,000 |
PROPERTY TAXES
Parcel Number
30-2218-003-0010
Land Assessment
$1,170,000
Improvements Assessment
$830,000
Total Assessment
$2,000,000
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