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633 NE 167 Street, North Miami Beach FL 33162

Commercial Recently Sold
$19,750,000

BTC: 313.48654016

ETH: 6,452.73007658

Sold on: 2022-05-30
1018 days
0 room(s)
136,468 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Currently, the 2.9 acre redevelopment site contains a twelve story office building, a one-story retail shopping strip center, a two-level parking garage, and a free-standing one-story retail building. This mix of retail and office with ample parking affords a an investor the opportunity to add value through property upgrades therefore comparably increasing rent and occupancy to its market peers. This 2.9 acre parcel of covered land offers tremendous upside in redeveloping the property to include multifamily uses, a hotel, self-storage, retail, and a mix thereof under North Miami Beach's new MU/IB zoning district which allows a density of 232 dwelling units to be built within eight to ten story height limits.

Location

Florida • North Miami Beach • 33162 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
Assigned / Common / Covered / Free Parking / Garage / Guest / Handicap Parking / Other / On Street
Year Built:
1965
Lot:
2.90 Acres
Heating:
No Data
Price/sqft:
$147
Cooling:
No Data
HOA:
No Data
All facts and features

  • Parking

    • Assigned

    • Common

    • Covered

    • Free Parking

    • Garage

    • Guest

    • Handicap Parking

    • Other

    • On Street

    Lot

    • Lot: 2.90 Acres

    Other Property Information

    • Parcel Number: 07-22-07-013-0010

    • Zoning: B-2

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Office

  • Source details

    • MLS ID: A10622460

    Other facts

    • Living Area: 136468

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: TIR Prime Properties Corp.