1880 NE 163rd St - Medical FOR SALE


North Miami Beach, FL 33162
$4,000,000 USD
786-271-5598
1880 NE 163rd St, North Miami Beach, FL for Sale
$4,000,000 USD
Medical - FOR SALE
1/24
null | Request Cap Rate

1880 NE 163rd St
North Miami Beach, FL 33162


HIGHLIGHTS

  • The property is currently leased to an insurance agency, (www.assureus.us), and it is open to negotiating a post-sale lease agreement to remain onsite
  • The property leases 10 parking spaces from the available lot at $1,100 per month on a month-to-month basis.
  • The property is located nearby busy intersection of 163rd Street in North Miami Beach near Biscayne Boulevard.
  • The location offers easy access to Aventura Mall, Sunny Isles Beach, Eastern Shores and I-95 providing a a high traffic exposure.
  • The location has an Average Daily Traffic Count (ADTC) of 43,500 vehicles.
  • Nearby new developments are set to transform the area bringing in new residents, additional retail and office space and more.

OVERVIEW

Colliers is pleased to present this exceptional commercial opportunity featuring a 7,653 SF, two-story building on a 13,878 SF lot. Located at a busy intersection along NE 163rd Street corridor in North Miami Beach, this property also includes a 6,750 SF parking lot, available for tenant use or potential leasing for additional revenue. Ideal for both owner-users and investors, the property is strategically positioned near Biscayne Boulevard and major I-95 access points, enhancing its rental appeal because of high traffic volumes and business exposure.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

MU/IB

APN/PARCEL ID

07-2216-016-0300

ASK ABOUT THIS PROPERTY

Mitash KripalaniColliersMore Info
786-271-5598

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Mitash KripalaniColliersMore Info
786-271-5598

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.