1432 163rd St North Miami Beach, FL 33162-4633
- Retail residential properties
- 11,110 SF
- 0.28 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 1432 163rd St
- Year built
- 1948
- Construction
- CONCRETE
- Lot size
- 0.28 lot acres
- Property size
- 11,110 SF
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Retail residential properties
- APN
- 07-2217-005-0290
- APU
- 722170050290
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1712
- Latitude
- 25.9253
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
