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487-499 NE 167th Street, North Miami Beach FL 33162

Commercial Recently Sold
$2,700,000

BTC: 32.47534280

ETH: 1,018.86792453

Sold on: 2024-04-29
152 days
0 room(s)

Overview

Hard to find strip center located at heart of N Miami Beach, 167st Street. Total 3 building folio #. two building frontage with 7 tenants (5915 leaseable space) face 167st street. One building behind with 4160 lease space with 5 tenants. total 11 tenants. The property had whole street block, conner building on both side of the street. Total land size is 18934. A lot parking space. Tenant pay for utilities.

Location

Details

Type:
Commercial Sale
Parking:
Common
Year Built:
1956
Lot:
0.23 Acres
Heating:
Central Individual A/C / None
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,649,000
$939K – $4.0M
Confidence Low
List vs. estimate
$1.4M above estimate
List $2,999,900 · +81.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
7 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $477K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$6,710
2022
Parking
20 spaces
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central Individual A/C

    • None

    Cooling

    • Central Individual A/C

  • Parking

    • Common

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 07-22-07-007-0010

    • Zoning: 6400

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Other financial information

    • Annual tax amount: $6,710

  • Source details

    • MLS ID: F10411583

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: City Location / Shopping Center / Corner Unit

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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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 ©2026-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: Rainbow Investment Realty Inc