$19,750,000
$20,000,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed North Miami Beach, FL 33162
136,468 SqFt
Key Details
Sold Price $19,750,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 136,468 sqft
Price per Sqft $144
MLS Listing ID A10622460
Sold Date 05/30/22
Construction Status Resale
HOA Y/N No
Year Built 1965
Lot Size 2.900 Acres
Acres 2.9
Property Description
Currently, the 2.9 acre redevelopment site contains a twelve story office building, a one-story retail shopping strip center, a two-level parking garage, and a free-standing one-story retail building. This mix of retail and office with ample parking affords a an investor the opportunity to add value through property upgrades therefore comparably increasing rent and occupancy to its market peers.
This 2.9 acre parcel of covered land offers tremendous upside in redeveloping the property to include multifamily uses, a hotel, self-storage, retail, and a mix thereof under North Miami Beach's new MU/IB zoning district which allows a density of 232 dwelling units to be built within eight to ten story height limits.
Location
State FL
County Miami-dade County
Area 22
Direction I-95, Turnpike, or 826 to 167th Street. East towards beaches for about 1.6 miles. Tallest building in the city located at the intersections of NE 167th street and NE 6th ave.
Exterior
Waterfront No
Total Parking Spaces 463
Garage Yes
Building
Story 12
Structure Type Block
Construction Status Resale
Others
Tax ID 07-22-07-013-0010
Ownership Limited Partnership
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Citadel Realty