1825 Northeast 163rd Street

North Miami Beach, FL 33162

Listing ID: 187617

$1,299,000

For Sale

Lot Size Acres 0.160
Building Sq Ft 3,060
Building Price per Sq Ft $424.51
Land Sq Ft 7,000
Land Price per Sq Ft $186.40

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1825 Northeast 163rd Street - main image

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Description

APEX Capital Realty is proud to present a prime 3,050 Sq. Ft. commercial building sitting on a 7,000 Sq. Ft. lot located near a signaled intersection on the highly trafficked NE 163rd Street corridor in North Miami Beach. Zoned MU/TC, this property has a variety of allowable uses including hotel, multi-family, retail and office. This property can be sold to an owner-user, or an investor looking to maximize on the strong rental rates afforded to this corridor due to its direct proximity to Biscayne Boulevard and I-95 access points.
Property Summary
Lot Size: 7,000 Sq. Ft. (0.16 acres)
Building Size: 3,050 Sq. Ft.
Zoning: MU/TC
Lot Dimensions: 50? x 140? approx.
ASKING PRICE: $1,299,000
Property Highlights
Property is located within the North Miami Beach Community Redevelopment Agency’s (CRA) boundaries, potentially allowing for community grants toward businesses entering the area.
Daily traffic volume of 65,000 VPD
Average rental rates for retail in this highly trafficked area are between $25-$30/SF
This property can be sold to an owner-user, or an investor looking to maximize on the strong rental rates afforded to this corridor due to its direct proximity to Biscayne Boulevard and I-95 access points.

Attachments & Files

1825ne-163st-om-yCZ-2q0.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		25,501	196,506	440,859
Population Median Age		37	39	39
Population by Age	0-9 Yrs	3468 (13%)	23542 (11%)	53440 (12%)
	10-19 Yrs	3272 (12%)	21782 (11%)	50994 (11%)
	20-29 Yrs	3966 (15%)	26949 (13%)	60578 (13%)
	30-39 Yrs	3804 (14%)	28236 (14%)	61526 (13%)
	40-49 Yrs	3277 (12%)	25878 (13%)	58160 (13%)
	50-59 Yrs	3495 (13%)	27373 (13%)	58801 (13%)
	60-69 Yrs	2000 (7%)	21651 (11%)	48924 (11%)
	70+ Yrs	2219 (8%)	21096 (10%)	48436 (10%)

Median HH Income		$38,714	$45,647	$46,878
Total Household Income	< 24K	2475 (31%)	18783 (27%)	39969 (26%)
	25-49K	2581 (33%)	18586 (27%)	39492 (26%)
	50-74K	1503 (19%)	12623 (18%)	27094 (17%)
	75-99K	485 (6%)	6281 (9%)	14883 (9%)
	100-199K	584 (7%)	9112 (13%)	20952 (13%)
	200K+	174 (2%)	3431 (4%)	8234 (5%)

Highest Education Level	No Diploma	3561	22058	49450
	Diploma or GED	4638	33978	80600
	Some College	3866	28996	60354
	Assoc. Degree	1888	13484	30172
	Bachelors Degree	1907	25207	54002
	Higher Degree	920	14802	33289

Total Housing Units		8,868	93,153	203,879
--Owner-Occupied		3,128	34,301	81,143
--Renter-Occupied		4,675	34,516	69,481
Owner-Occupied Values	< 100K	673	5164	11633
	100-199K	1431	10386	24440
	200-299K	700	7399	17652
	300-399K	215	3937	8600
	400-499K	66	1779	4220
	500K+	44	5636	14598

Total Working Age Population		20,235	160,117	357,188
In Work Force		13,447	101,925	226,182
Not In Work Force		6,787	58,192	131,006
Workforce Employed		11,993	93,355	208,115
Workforce Unemployed		1,436	8,515	17,954
Civlian Workforce		13,428	101,869	226,069
Military Workforce		19	56	113

Total Households		7,802	68,817	150,624
Family Households		5,362	42,314	94,771
Non-Family Households		2,440	26,503	55,852
Married Couple		2,850	26,336	58,160
Other Family		2,512	15,978	36,612
Married w/Child		1,348	10,591	22,108
Single Male w/Child		136	1,370	3,669
Single Female w/Child		835	5,265	12,316

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Miami-Dade County	2,253,362	+11	2,496,435	+15	2,861,579	+11	3,190,242
Broward County	1,623,018	+8	1,748,066	+11	1,942,686	+9	2,120,334

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.