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Two-Building Retail Property
For Sale
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Pending

487 NE 167th St, Miami, FL 33162

Two retail buildings offer multiple bays, including currently vacant space for near-term leasing activity.

Property Size10,100 SF
Lot Size0.43 Acres
Days on Market142

Property Features for 487 NE 167th St

General Information

Standard status Pending
Size 10,100 SF
Lot size 0.43 Acres
Property subtype Retail

Additional Details

Traffic Count 60,500 vehicles/day

Building Details

Buildings 2
Listing Agency: Marcus & Millichap Tampa
Listed By: Matt Yelken · License #FL SL3546029
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:08AM

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 Tampa

Investment Insights

Based on property information with market context.

This retail property comprises two buildings with 10,100 square feet of gross leasable area on a combined 18,934-square-foot lot. The layout includes 12 bays in total, with 2 currently vacant, providing a mix of occupied and available retail space across the property.

The asset is positioned along the NE 167th St retail corridor, where average daily traffic is reported at 60,500 vehicles. The surrounding commercial area includes national retailers and major employers, with family housing also present nearby. The property is associated with 487-499 NE 167th St and 16760 NE 5th Ave.

Key Highlights

  • 10,100 square feet of gross leasable area across 2 retail buildings
  • Combined lot size of 18,934 square feet
  • 12 total bays, including 2 currently vacant

Property Analytics

Current Use

KINGDOM MENSWEAR Department Store Danoda Kitchen and Bath Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Gym & Fitness Center

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

60,500 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

1,862
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

Market

Vacancy Rate% for Retail in Miami, FL

3.5% 2019
4.3% 2020
3.3% 2021
2.9% 2022
3.1% 2023
2% 2024
2.7% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Two retail buildings offer multiple bays, including currently vacant space for near-term leasing activity.
Where is this retail space located?
The property is located at 487 NE 167th St Miami, FL.
What are key features of this property?
This property features: 10,100 square feet of gross leasable area across 2 retail buildings; Combined lot size of 18,934 square feet; 12 total bays, including 2 currently vacant
(786) 522-7000 Call to check price and availability
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