1880 NE 163rd St
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1880 NE 163rd St
10,635 SF 81% Leased Office Building North Miami Beach, FL 33162 $4,000,000 ($376/SF)
Investment Highlights
- The property is currently leased to an insurance agency, (www.assureus.us), and it is open to negotiating a post-sale lease agreement to remain onsite
- The property is located nearby busy intersection of 163rd Street in North Miami Beach near Biscayne Boulevard.
- The location has an Average Daily Traffic Count (ADTC) of 43,500 vehicles.
- The property leases 10 parking spaces from the available lot at $1,100 per month on a month-to-month basis.
- The location offers easy access to Aventura Mall, Sunny Isles Beach, Eastern Shores and I-95 providing a a high traffic exposure.
- Nearby new developments are set to transform the area bringing in new residents, additional retail and office space and more.
Executive Summary
Colliers is pleased to present this exceptional commercial opportunity featuring a 7,653 SF, two-story building on a 13,878 SF lot. Located at a busy intersection along NE 163rd Street corridor in North Miami Beach, this property also includes a 6,750 SF parking lot, available for tenant use or potential leasing for additional revenue.
Ideal for both owner-users and investors, the property is strategically positioned near Biscayne Boulevard and major I-95 access points, enhancing its rental appeal because of high traffic volumes and business exposure.
Ideal for both owner-users and investors, the property is strategically positioned near Biscayne Boulevard and major I-95 access points, enhancing its rental appeal because of high traffic volumes and business exposure.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
10,635 SF
Building Class
C
Year Built
1960
Price
$4,000,000
Price Per SF
$376
Percent Leased
81%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,102 SF
Slab To Slab
10’
Building FAR
0.76
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
MU/IB - Community
Parking
15 Spaces (1.41 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Security System
- Signage
- Partitioned Offices
- Reception
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
2,000 SF office space available.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,000 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 2,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 2,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
2,000 SF office space available.
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 07-2216-016-0300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $958,461 |
PROPERTY TAXES
Parcel Number
07-2216-016-0300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$958,461
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1880 NE 163rd St
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