1880 163Rd Street Rd North Miami, FL 33181

This exceptional commercial property, located at 1880 NE 163rd Street in North Miami Beach, Florida (33181), offers a unique investment opportunity. The two-story building encompasses 7,653 square feet and sits on a 13,878 square foot lot, with a separate 6,750 square foot parking lot. Currently configured as a mixed-use space including bar, storefront, and traditional office areas, it's zoned MU/IB, providing flexibility for a variety of uses. The property boasts high visibility due to its location on a busy corridor with an average daily traffic count of 43,500 vehicles, near the intersection of NE 163rd Street and Biscayne Boulevard, and with convenient access to I-95. Its strategic position offers easy access to Aventura Mall, Sunny Isles Beach, and Eastern Shores, maximizing exposure and rental potential. The building is currently leased to an insurance agency, with the possibility of negotiating a post-sale lease agreement. Ten parking spaces are currently leased for $1,100 per month on a month-to-month basis, offering additional income potential. The property's location benefits from nearby new developments, promising future growth and increased property value. The asking price is $4,000,000. This property is ideal for both owner-users and investors seeking a prime location in a rapidly developing area. The property's APN is 07-2216-016-0300, 07-2216-016-0280.