699 167Th StNorth Miami Beach, FL 33162

Property Details for 699 167Th St

Year built

1965

Construction

CONCRETE

Lot size

2.90 AC

Property size (Sq ft)

105,932 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Office buildings

APN

07-2207-013-0010

APU

722070130010

Description

This exceptional 1,243 square foot office space is ideally situated in the Miami Square Building on NE 167th Street (North Miami Beach Boulevard), near the intersection of NE 6th Avenue and I-95. The property boasts a highly visible storefront location within a bustling commercial area, ensuring significant foot and vehicle traffic. Its strategic placement offers easy accessibility and high visibility, further enhanced by its proximity to popular shopping centers and the beautiful beaches of North Miami Beach. The single-tenant office building is a one-story structure (APN: 07-22-07-013-0010, Zoning: 6400) and features a spacious layout perfectly suited for various office uses. Modern infrastructure and ample parking are included, adding to the convenience and appeal of this property. The vibrant community and thriving commercial area surrounding the building present a dynamic and promising environment for any business. This is a rare opportunity to secure a prime office space in a highly desirable North Miami Beach location. The property is zoned for office use and offers a single-tenant occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $28,496,122

  6.5%

  $26,304,112

  7%

  $24,425,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,940,649

  Geo Method

  $14,940,649

• Alternative Use

  Use

  Valuation

  Residential

  $32,617,100

  Hospitality

  $29,877,088

  Educational

  $24,857,386

  Medical

  $25,712,270

  Retail

  $38,667,044

Location Insight

City

North Miami Beach

County

Miami-dade

State

Florida

Latitude

25.9291

Longitude

-80.1872

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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