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    1607 Highland Ave Hickory, NC 28601

    Sponsored
    For Sale
    $599,000

    Prime Miami-Dade Office Suites Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Intracoastal Mall, a prominent Miami-Dade County commercial property, presents a unique investment opportunity. This single-story, Class B building, constructed in 1986, boasts a substantial 585,786 square feet of total space, encompassing 68 suites. Currently, 19,200 square feet of office space is available for lease, ideal for a variety of businesses. The property is situated on a sizable 23.06 acres of land and offers ample parking with 863 spaces. Its location in the Eastern Shores submarket of North Miami Beach, near Sunny Isles Blvd, provides excellent access to major roadways. The mall itself features a diverse tenant mix, including national retailers such as Winn-Dixie, TJ Maxx/Home Goods, and an IPIC Theater, creating a vibrant and high-traffic environment. The property's multiple tenancy structure offers flexibility for various business models, including traditional office spaces, executive suites, seasonal pop-ups, and specialty retail. The surrounding area is well-served by educational institutions, including Florida International University and Johnson & Wales University, and benefits from a strong population base in North Miami, the seventh largest city in Miami-Dade County. This property offers a compelling combination of size, location, and existing tenant base, making it an attractive investment prospect. The property's strategic location and diverse tenant mix provide a strong foundation for future growth and profitability.

    Property Features for 1607 Highland Ave

    General Information

    Property type
    Land
    Lot Size
    55,321 SF

    HighLights

    • 585,786 square foot retail and restaurant property with 68 suites.
    • 19,200 square feet of vacant space available.
    • Located in the Eastern Shores submarket cluster of North Miami Beach, Miami‑Dade County.
    • Features a mix of restaurants and national retailers, including Winn‑Dixie, TJ Maxx/HomeGoods, and IPIC Theater.
    • Class B property built in 1986, single story with 863 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.3077483
    Latitude
    35.7383991

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    FAQs

    What type of property is this?
    Land - Prime Miami-Dade Office Suites Available
    Where is this land located?
    The property is located at 1607 Highland Ave Hickory, NC.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 585,786 square foot retail and restaurant property with 68 suites.; 19,200 square feet of vacant space available.; Located in the Eastern Shores submarket cluster of North Miami Beach, Miami-Dade County.
    (828) 322-8022
    Request Owner's contact information
    1607 Highland Ave Hickory, NC 28601
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    Hickory, NC 28601
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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
    1607 Highland Ave Hickory, NC 28601
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