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    2799 163 St North Miami Beach, FL 33160

    Sponsored
    For Sale
    $6,350,000

    High-traffic location, strong cash flow potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving gas station and convenience store located at 2799 NE 163rd St, North Miami Beach, FL 33160. Situated on a substantial 22,500 square foot lot at the corner of Sunny Isles Blvd and 163rd St, this property boasts a prime location with high visibility and significant traffic flow. The single-story building, constructed in 1982, currently operates as a service station and convenience store. The convenience store is currently leased on a month-to-month basis, offering flexibility for the new owner. The property's primary land use is designated as a service station, reflecting its established function within the community. The asking price for this turnkey operation is $6,350,000. It's important to note that probate court approval is required to finalize the sale. This presents a unique opportunity for investors seeking a well-established business with significant growth potential in a desirable location. The property's size and location make it an ideal candidate for expansion or redevelopment, subject to local zoning regulations. Serious inquiries only.

    Property Features for 2799 163 St

    General Information

    Property type
    Individual retail properties

    Building Details

    Year Built
    1982
    Stories
    1

    HighLights

    • Prime corner location at Sunny Isles Blvd and 163rd St, North Miami Beach, FL.
    • 22,500 square foot lot with high visibility and traffic.
    • Existing gas station and convenience store; single‑story building (1982 construction).
    • Convenience store leased month‑to‑month.
    • $6,350,000 asking price; probate court approval required.
    • Significant growth potential; redevelopment possibilities (subject to zoning).
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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
    North Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1444284
    Latitude
    25.9266318

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, strong cash flow potential.
    Where is this individual retail property located?
    The property is located at 2799 163 St North Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $6,350,000.
    What are key features of this property?
    This property features: Prime corner location at Sunny Isles Blvd and 163rd St, North Miami Beach, FL.; 22,500 square foot lot with high visibility and traffic.; Existing gas station and convenience store; single-story building (1982 construction).
    Request Owner's contact information
    2799 163 St North Miami Beach, FL 33160
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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
    2799 163 St North Miami Beach, FL 33160
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