1949 163Rd StNorth Miami Beach, FL 33162

Property Details for 1949 163Rd St

Year built

1955

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

3,535 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Outlet malls

APN

07-2216-001-0760

APU

722160010760

Description

This exceptional freestanding retail building in North Miami Beach, Florida, offers 3,535 square feet of versatile space, ideal for multiple tenants. Currently, 2,200 square feet is available, divisible into units as small as 1,100 square feet, with a maximum contiguous space of 2,300 square feet. Located at 1949 NE 163rd St, 33162, this single-story building sits on a 0.161-acre lot and boasts 53 feet of frontage on a high-traffic street with approximately 48,400 vehicles passing daily. The property is zoned MU/TC and includes 10 parking spaces, ensuring convenient access for customers and employees. Its prime location near major thoroughfares and public transportation provides excellent visibility and accessibility. The surrounding area features a thriving mix of businesses and amenities, creating a dynamic commercial environment. This is a fantastic opportunity for businesses seeking high visibility and convenient access in a bustling North Miami Beach location. The property is perfect for retail, restaurant, office, showroom, or gym uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,762,992

  6.5%

  $2,550,454

  7%

  $2,368,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,410,594

  Geo Method

  $3,410,594

• Alternative Use

  Use

  Valuation

  Residential

  $2,151,403

  Hospitality

  $1,970,674

  Educational

  $1,639,577

  Medical

  $1,695,965

  Retail

  $2,550,454

Location Insight

City

Miami

County

Miami-dade

State

Florida

Latitude

25.9264

Longitude

-80.161

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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