Property summary
This exceptional mixed-use property in North Miami Beach, Florida, presents a compelling investment opportunity. Located at 1432 NE 163rd St, this fee-simple offering boasts a prime location in Miami-Dade County, zip code 33162, with easy access to I-95 and other major expressways. The two-story, Class B building sits on a 12,071 square foot lot and comprises 7 ground-floor commercial units and 8 residential units on the upper level. Currently operating at 100% occupancy, this income-producing asset offers immediate cash flow. Its strategic location near Aventura, Miami Gardens, the Miami Design District, and Miami Beach provides excellent visibility and accessibility, attracting a diverse clientele. The property's versatile layout and high occupancy rate present significant potential for future rental increases and long-term appreciation. This is a rare chance to acquire a well-established, high-performing mixed-use building in a thriving Florida market. The asking price is $3,600,000.
Property profile
VerifiedCap rate & NOI
Current use
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 6400:COMMERCIAL,CENTRAL in North Miami Beach, FL.
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Find the owner behind the property.
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