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Retail Space with Restaurant Use
For Lease
$7,500/Mo

1232 NE 163 Street, North Miami Beach, FL 33162

Commercial Lease, North Miami Beach, FL

Space Size3,000 SF
Days on Market190

Property Features for 1232 NE 163 Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning 11
Subdivision 2220
Standard status Active
Size 12,191 SF

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Flooring type Tile
Listing Agency: The Keyes Company
Listed By: Tini Hui PA · License #0425403
Added: Mar 5 Changed: Sep 9 Last Checked: Sep 11 at 1:06AM
MLS# F10556469

Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This approximately 3000 sq. ft. retail space includes tile flooring, central heating, and central air conditioning. The layout can support a second-generation restaurant concept or other food-focused use, subject to applicable requirements. Public water and public sewer serve the property, and the space is identified with Zoning 11.

Parking is available in front of the building through common spaces, with city municipal free parking behind the property and landlord deeded parking behind the building. The site is across from 163 st. shopping mall and records approximately 57000 drive by daily, providing a substantial surrounding vehicle presence for a street-facing retail operation.

Key Highlights

  • Approximately 3000 sq. ft. of retail space
  • Second‑generation restaurant or food concept potential
  • Common parking in front of the building

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Grocery & Convenience Store Auto Parts Store Nursing Home Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

57,000 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,031
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for North Miami Beach, FL

$32.73 /SF/Yr
Avg Asking Price
$1.75–$65 /SF/Yr
Price Range
18,531 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Street-facing retail space with shared, municipal, and deeded parking options near a major shopping mall.
Where is this retail space located?
The property is located at 1232 NE 163 Street North Miami Beach, FL.
What is the lease rate?
The lease rate is $7,500/Mo.
What are key features of this property?
This property features: Approximately 3000 sq. ft. of retail space; Second‑generation restaurant or food concept potential; Common parking in front of the building
More about this property
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