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Mixed-Use Retail Center
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510 NE 167th St 510, Miami, FL 33162

Infill retail center with mixed-use store/residential zoning on a 24,960 SF lot.

Property Size6,200 SF
Lot Size0.57 Acres
Price / SF$0.56
Days on Market136

Property Features for 510 NE 167th St 510

General Information

Standard status Active
Size 6,200 SF
Lot size 0.57 Acres
Property subtype Commercial
Zoning 1211 Mixed Use-Store/Residential: Retail Outlet and More
Lease Term 1 to 3 years

Additional Details

Traffic Count 64,000 vehicles/day

Taxes and HOA fees

Annual Taxes $42,456

Building Details

Building Size 6,200 SF
Year Built 1971
Stories 1
Listing Agency: FL Prime LLC
Listed By: Tomas Furman · License #BK3366332
Source: Elliman
Added: Apr 11 Changed: Aug 24 Last Checked: Aug 23 at 10:36PM

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 FL Prime LLC

Investment Insights

Based on property information with market context.

A 6,200 +/- square foot retail center set on a 24,960 square foot lot, presented for sale as an infill commercial asset. The property is described as located within the 167th Street retail corridor, in the heart of North Miami Beach, Florida.

The offering notes a combined traffic count of 64,000+ vehicles per day and states that the Miami-Dade submarket is supported by historically low vacancy rates, with 211,000 people within three miles of the subject property. Surrounding national retailers listed in the remarks include Home Depot, Walmart Supercenter, Aldi, Ross, and multiple quick-service and shopping brands such as McDonald’s, Taco Bell, Burger King, Popeyes, Starbucks, Bank of America, Chase Bank, AutoZone, Krispy Kreme, Pep Boys, Walgreens, CVS, Wawa, and Publix. The property is identified as zoned 1211 Mixed Use-Store/Residential: Retail Outlet and More.

Key Highlights

  • 6,200+/- SF retail center on a 24,960 SF lot in North Miami Beach’s 167th Street retail corridor
  • Highly trafficked location with a combined traffic count of 64,000+ vehicles per day
  • Zoned 1211 mixed use—store/residential

Property Analytics

Current Use

Cargo Logistic USA Logistics Company Logicom Media Solution ... Computer & Electronic Repair General Public Services Financial Advisor

Suggested Use

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

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

64,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

1,862
Businesses Nearby
Under-served
Demand for This Use

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?
Shopping center - Infill retail center with mixed-use store/residential zoning on a 24,960 SF lot.
Where is this shopping center located?
The property is located at 510 NE 167th St 510 Miami, FL.
What are key features of this property?
This property features: 6,200+/- SF retail center on a 24,960 SF lot in North Miami Beach’s 167th Street retail corridor; Highly trafficked location with a combined traffic count of 64,000+ vehicles per day; Zoned 1211 mixed use—store/residential
More about this property
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