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.
Lot Size: 7,000 Sq. Ft. (0.16 acres)
Building Size: 3,050 Sq. Ft.
Lot Dimensions: 50? x 140? approx.
ASKING PRICE: $1,299,000
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.
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.
|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|
|Total Housing Units||8,868||93,153||203,879|
|Owner-Occupied Values||< 100K||673||5164||11633|
|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|
|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
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