705 167Th StMiami, FL 33162

Property Details for 705 167Th St

Year built

1956

Construction

CONCRETE

Lot size

2.82 AC

Property size (Sq ft)

45,337 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Community centers

APN

07-2207-014-0010

APU

722070140010

Description

This exceptional single-tenant office space, located within the vibrant 167th Street Plaza in Miami-Dade County, offers a prime opportunity for businesses seeking high visibility and accessibility. The Class A, one-story building boasts 650 to 12,000 square feet of flexible space, perfect for a variety of office configurations. Situated on 167th Street (also known as the 826 Expressway), this location benefits from excellent street visibility and exceptionally high traffic volume, both day and night, driven by the presence of a major Aldi grocery store. The strategic location provides easy access to major thoroughfares, connecting Collins Avenue (the beach) to the Golden Glades Interchange, where I-95, the Florida Turnpike, 441, and 826 converge. The plaza features a diverse tenant mix, including Rent-a-Center, Carvel Ice Cream, Advance America, Tea Plus, Jerusalem's Pizza, Access Medical Group, and more, creating a bustling and attractive environment. Ample on-site parking is a rare and valuable asset in this location. The plaza is also shadow anchored by a Walgreens, further enhancing its appeal and drawing significant foot traffic. This is an unparalleled opportunity to establish a thriving business in a high-demand, well-established commercial center. No elevators are present in this single-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $17,927,870

  6.5%

  $16,548,804

  7%

  $15,366,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,113,713

  Geo Method

  $16,113,713

• Alternative Use

  Use

  Valuation

  Residential

  $13,959,535

  Hospitality

  $12,786,859

  Educational

  $10,638,517

  Medical

  $11,004,391

  Retail

  $16,548,804

Location Insight

City

North Miami Beach

County

Miami-dade

State

Florida

Latitude

25.9292

Longitude

-80.1856

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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