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    1222 Ne 163 St North Miami Beach, FL

    For Sale
    $3,750,000

    Two-story corner building with established restaurant, store, and banquet hall.

    Property size:
    11,948 SF
    Lot size:
    0.18 Acres

    Property Features for 1222 Ne 163 St

    General Information

    Size
    11,948 SF
    Lot size
    0.18 Acres

    Source: The Keyes Company Commercial - Corporate Agent Tini Hui

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Building with Banquet Hall

    This two-story corner building is located on the southeast corner of 163rd Street and NE 12th Avenue, offering strong visibility and heavy traffic. It is situated less than 1.5 miles from US-1 and 3 miles from A1A's Sunny Isles Beach. The property includes a separate deeded rear parking lot. The zoning is B2. The downstairs area features a long-established restaurant and a Kwik Stop convenience store. Upstairs, there is a large banquet hall complete with a private entrance, elevator, kitchen, office rooms, and full restrooms. The property size is 11948 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Tienda dietetica, Alwaysmart, A & K Supermarkets, Panou Produce, Presidente Supermarket #5

    Location Insight

    • Map
    • Local Demand
    City
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1819268
    Latitude
    25.8909628

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    FAQs

    What type of property is this?
    Grocery and convenience store - Two-story corner building with established restaurant, store, and banquet hall.
    Where is this grocery and convenience store located?
    The property is located at 1222 Ne 163 St North Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - High-visibility corner location on a busy intersection with heavy traffic.; - Includes a separate, deeded rear parking lot.; - B2 zoning allows for a variety of commercial uses.
    (305) 371-3592
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1222 Ne 163 St North Miami Beach, FL
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