951 NE 167th St - Office FOR SALE


Miami, FL 33162- Golden Glades
$7,985,000 USD
786-671-0149
951 NE 167th St, Miami, FL for Sale
$7,985,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

951 NE 167th St
Miami, FL 33162
Golden Glades


HIGHLIGHTS

  • Ideal opportunity to establish a headquarters in South Florida
  • Direct access to N Miami Beach Boulevard with 110 feet of frontage
  • Wall and freestanding signage permitted
  • 86 parking spaces (22 covered)
  • Liberal zoning with redevelopment potential

OVERVIEW

Blanca Commercial Real Estate, Inc. in collaboration with MSP Group, are proud to be appointed as the exclusive agents for the sale of the Olympic Building located at 951 NE 167th Street, North Miami Beach, Florida. This three-story, +/- 38,248 SF office building offers an ideal opportunity to establish a headquarters in South Florida with underlying potential for redevelopment. The Olympic Building stands as a unique canvas, ripe for transformation in an unbeatable location. Current month-to-month leases provide flexibility for immediate occupancy and income generation, preserving its ability to be repurposed into a modernized asset. With the potential for redevelopment, this site is poised to benefit from the incentives offered by the Live Local Act and North Miami Beach's Community Redevelopment Agency (CRA). The submarket’s appeal is underscored by an influx of capital, with nearly half a billion dollars recently invested across roughly a dozen projects. This wave of development aims to transform the area, sparking a surge of growth and revitalization. In the heart of this flourishing city lies the Olympic Building, benefiting from its proximity to the Golden Glades Interchange. The property’s seamless access to South Florida’s major thoroughfares is complemented by a wealth of amenities along the route. Just moments away from Jackson North Medical Center, numerous residential properties, and major retail destinations, the subject property offers unparalleled convenience and connectivity. Whether stationed as a corporate headquarters or converted into a mixed-use development, the Olympic Building’s possibilities are endless, fostering long-term growth and success for opportunistic investors or developers.

FOR SALE DETAILS

PRICE

$7,985,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

951 Olympic Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

B-2, N Miami Beach

APN/PARCEL ID

07-2207-000-0420

ASK ABOUT THIS PROPERTY

Deme MekrasMSP Group LLCMore Info
786-671-0149

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Deme MekrasMSP Group LLCMore Info
786-671-0149

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