Retail Center with Heavy Street
For Sale
Contact for pricing
1117 NE 163rd St, North Miami Beach, FL 33162
Anchored retail center with 89.9% occupancy and 225 feet of frontage on 163rd Street, plus MU/IB rezoning.
Property Size22,850 SF
Lot Size1.33 Acres
Days on Market122
Property Features for 1117 NE 163rd St
General Information
Standard status
Active
Size
22,850 SF
Lot size
1.33 Acres
Property subtype
Retail
Zoning
MU/IB
Occupancy
90%
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Jason Yukins · License #FL SL3197591
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 7:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This retail center offers 22,850 +/- square feet of space and is presently 89.9% occupied. The property is anchored by a 3,961 square foot US Armed Forces Recruiting Center and includes multiple national and regional tenants such as Home Depot, Walmart, Ross Dress for Less, Chase, BB&T, Panda Express, H&R Block, Foot Locker, and T-Mobile, among others. The center is positioned with minimal setback from the street and includes multiple monument signs.
The site benefits from 225 feet on heavily trafficked 163rd Street and is located between Bank of America and IHOP. It is next to the Mall at 163rd Street, which draws an estimated 7,800 visitors per day and 2.8M+ visitors per year.
The property also includes 1.33 acres of land that has recently been rezoned to MU/IB (International Boulevard District). The rezoning allows for a maximum of 6 stories and includes allowable uses such as Multi-Family, Townhouses, Group Homes, Retail, Office, and Schools.
The site benefits from 225 feet on heavily trafficked 163rd Street and is located between Bank of America and IHOP. It is next to the Mall at 163rd Street, which draws an estimated 7,800 visitors per day and 2.8M+ visitors per year.
The property also includes 1.33 acres of land that has recently been rezoned to MU/IB (International Boulevard District). The rezoning allows for a maximum of 6 stories and includes allowable uses such as Multi-Family, Townhouses, Group Homes, Retail, Office, and Schools.
Key Highlights
- 22,850 +/- SF retail center in North Miami Beach’s 163rd Street retail corridor
- 89.9% occupied retail center anchored by a 3,961 SF US Armed Forces Recruiting Center
- 225 feet of frontage on heavily trafficked 163rd Street with multiple monument signs and minimal setback
Property Analytics
Current Use
Lease Details
89.9%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,040
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33162, FL
45,277
Population
16,719
Households
2.7
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
5.3 sq mi
ZIP Area
8,543
Density / Sq Mi
$55,993
Median Household Income
$31,848
Median Earnings
$1,535
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Anchored retail center with 89.9% occupancy and 225 feet of frontage on 163rd Street, plus MU/IB rezoning.
Where is this shopping center located?
The property is located at 1117 NE 163rd St North Miami Beach, FL.
What are key features of this property?
This property features: 22,850 +/- SF retail center in North Miami Beach’s 163rd Street retail corridor; 89.9% occupied retail center anchored by a 3,961 SF US Armed Forces Recruiting Center; 225 feet of frontage on heavily trafficked 163rd Street with multiple monument signs and minimal setback
