2799 163rd St North Miami Beach, FL 33160-4007
This exceptional investment opportunity presents a thriving gas station and convenience store located at 2799 NE 163rd St, North Miami Beach, FL 33160. Situated on a substantial 22,500 square foot lot at the corner of Sunny Isles Blvd and 163rd St, this property boasts a prime location with high visibility and significant traffic flow. The single-story building, constructed in 1982, currently operates as a service station and convenience store. The convenience store is currently leased on a month-to-month basis, offering flexibility for the new owner. The property's primary land use is designated as a service station, reflecting its established function within the community. The asking price for this turnkey operation is $6,350,000. It's important to note that probate court approval is required to finalize the sale. This presents a unique opportunity for investors seeking a well-established business with significant growth potential in a desirable location. The property's size and location make it an ideal candidate for expansion or redevelopment, subject to local zoning regulations. Serious inquiries only.
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.