12255 16th Ave North Miami, FL 33161-6509
This freestanding 3,099 square foot retail building in North Miami, Florida, presents a unique investment opportunity. Previously a bank, the property boasts a double-lane drive-thru and ATM, situated on a highly visible 0.43-acre corner lot. The C-2 zoning allows for a variety of uses. The building enjoys excellent access from NE 16th Avenue, offering significant visibility and convenience. This strategic location at the intersection of two major thoroughfares, Biscayne Boulevard and NE 123rd Street, benefits from a combined daily traffic count of 80,856 vehicles. The property is surrounded by a strong concentration of national retailers, including The Home Depot, Whole Foods, Publix, Ross, T.J. Maxx, LA Fitness, Pet Supermarket, Starbucks, Wendy's, and McDonald's, ensuring high foot traffic and brand recognition. The entire 3,099 square feet is currently vacant and ready for immediate occupancy. Located in Miami-Dade County, with a 33161 zip code, this property offers exceptional potential for a variety of businesses seeking a high-traffic, easily accessible location in a thriving retail environment.
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Isalis (Bike/Boat/Book/etc) Store
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Party City Party Supply Store (Bike/Boat/Book/etc) Store
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Skunk Funk Big Box & Wholesale Store
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Carl's Trading Co Hat Shop
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Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6201:COMMERCIAL · North Miami, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.