1432 163Rd StNorth Miami Beach, FL 33162

Property Details for 1432 163Rd St

Year built

1948

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $8,315,644

  6.5%

  $7,675,980

  7%

  $7,127,695

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,593,040

  Geo Method

  $6,593,040

• Alternative Use

  Use

  Valuation

  Residential

  $7,675,980

  Hospitality

  $7,031,156

  Educational

  $5,849,839

  Medical

  $6,051,024

  Retail

  $9,099,750

Location Insight

City

North Miami Beach

County

Miami-dade

State

Florida

Latitude

25.9253

Longitude

-80.1712

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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