1724 163rd St North Miami Beach, FL 33162-4733
This exceptional Class A retail property, located at 1724 NE 163rd St in North Miami Beach, Florida, 33162, presents a unique investment opportunity. The single-story building, constructed in 1970, boasts a substantial 6,406 square feet of retail space, perfectly suited for a variety of uses. The property features ample parking with 14 spaces available for customers and employees. The zoning designation is 6400. The property's prime location on 163rd Street and 18th Avenue ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and convenient access for customers. The property is comprised of one building with a single suite, offering a cohesive and easily managed space. While elevators are not present, the single-story design ensures easy navigation for all. The APN is 07-22-17-005-0030. This is a rare opportunity to acquire a well-located, substantial retail space in a thriving North Miami Beach commercial corridor. The property's size and parking make it suitable for a wide range of retail businesses. Don't miss this chance to secure a prime location for your business or investment portfolio.
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
6400:COMMERCIAL,CENTRAL · North Miami Beach, FLNorth Miami Beach. Always verify with local authorities before improvements.
Costs & 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.