1940 163Rd St North Miami Beach, FL 33162
- Lifestyle centers
- 885 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 1940 163Rd St
- Year built
- 1956
- Property size
- 885 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 885 square foot shopping center in North Miami Beach, Florida, presents a lucrative investment opportunity. Built in 1956, this stabilized retail property boasts a strong net operating income (NOI) of $70,000. Located at 1940 NE 163rd St, 33162, this smoke shop enjoys a prime location just south of I-95 and a short distance from Sunny Isles Beach, ensuring high visibility and consistent foot traffic. The business, established in 2022, is thriving, benefiting from its location in a busy plaza alongside established brands like Pizza Hut and LBU Lighting. The interior features a comfortable, air-conditioned space with a lounge area, a front cash register, and a 42” TV for promotional use. Included in the sale are valuable assets such as a commercial beverage fridge and a substantial existing inventory. This turnkey operation offers immediate income potential and a strong foundation for continued growth. The property's strong financials, desirable location, and established clientele make it an exceptional investment opportunity in a high-demand market. This is a rare chance to acquire a profitable, established business with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1611
- Latitude
- 25.9257
