, North Miami Beach, FL 33162 (MLS# A10622460)

North Miami Beach, FL 33162

$19,750,000
Property Type: Commercial Sale Square Footage: 136,468 Status: Closed
Current Price: $19,750,000 List Date: 2/21/2019 Last Modified: 2/12/2026

Overview

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.

Listing Details MLS# A10622460

General Property Information

Number Of Buildings
3
Property Sub Type
Office
Occupant Type
Tenant
Building Area Main
136468
Adjusted Area Main
136468
Year Built
1965
Year Built Details
Resale
Parking Total
463
Lot Size Area
136468
Lot Size Acres
2.9
Stories Total
12

Property Features

Column Span: Unknown Electric: 0-100 Amp Service; 101-200 Amp Service Location of Property: Shopping Center Parking Features: Assigned; Common; Covered; Free; Guest; On Street; Other; Ground Level Possession: Negotiable Property Condition: Resale Source Of Expenses: Owner Provided; Pro Forma Construction Materials: Block Listing Terms: Conventional Special Information: Presently Leased Structure Type: Office Showing Requirements: Appointment Only; Call Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
18000000

Location and Legal

County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
City Name
North Miami Beach
Municipal Code
7
State Or Province
FL
Postal Code
33162
Subdivision Number
13
Multiple Offers Accepted
Yes
Zoning
B-2
Directions
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.

Financial Information

Tax Legal Description
RE-SUB OF W FULFORD BY SEA PB 32-67 TRACT 6 LESS S110FT OF W155FT & LESS S10FT & S20FT OF COLIGNY WAY LYG N & ADJ LOT SIZE 126382 SQUARE FEE

Status Change Information

Major Change Timestamp
2022-05-30T18:37:51Z
Major Change Type
Status Change
Price Change Timestamp
2021-09-06T13:43:12Z
Status Change Date
2022-06-14
Under Contract Date
2022-04-20
Close Date
2022-05-30
Close Price
19750000
Buyer Financing
Conventional

More Information

Building and Property Details

# Of Bays
12
# Of Loading Docks
Yes
# Of Offices
78
Door Height
0-8'
Improvement Height
10-25 Stories
Interior Ceiling Height
10
Maximum Ceiling Height
10

Buyer Details

Intended Use
Investment
Buyer State
New York
Zip Code
33160

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
144.72

Section Details

Parcel Number MLX
0010

Originating Details

Originating System Key
318781247
Originating System ID
M00000151

Currently Not Used

Ownership Type
Limited Partnership

Office/Member Information

DXORIGMLSID
SEF

Electric

0-100 Amp Service
Yes
101-200 Amp Service
Yes

Parking Features

Assigned
Yes
Common
Yes
Covered
Yes
Free
Yes
Guest
Yes
On Street
Yes
Other
Yes
Ground Level
Yes

Property Condition

Resale
Yes

Structure Type

Office
Yes

Location of Property

Shopping Center
Yes

Possession

Negotiable
Yes

Special Information

Presently Leased
Yes

Column Span

Unknown
Yes

Construction Materials

Block
Yes

Listing Terms

Conventional
Yes

Source Of Expenses

Owner Provided
Yes
Pro Forma
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
IDX
Listing Office: TIR Prime Properties Corp.
Last Updated: February - 12 - 2026
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