$19,750,000
MLS# A10622460
Status: Closed
136468 sqft
1 / 7
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.
Details
Documents
Contract Information
Comp Sale YN: No
Listing Date: 2019-02-21
Status: Closed
Original List Price: 18000000
Sold Price: $19,750,000
Current Price: $19,750,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: North Miami Beach
Municipal Code: 7
Postal Code: 33162
Subdivision Number: 13
Multiple Offers Accepted: Yes
State Or Province: FL
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.
General Property Information
Number Of Buildings: 3
Occupant Type: Tenant
Adjusted Area Main: 136468
Year Built Details: Resale
Lot Size Area: 136468
Stories Total: 12
Property Sub Type: Office
Building Area Main: 136468
Year Built: 1965
Parking Total: 463
Lot Size Acres: 2.9
Currently Not Used
Ownership Type: Limited Partnership
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Conventional
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
Electric
0-100 Amp Service: 1
101-200 Amp Service: 1
Parking Features
Assigned: 1
Common: 1
Covered: 1
Free: 1
Guest: 1
On Street: 1
Other: 1
Ground Level: 1
Property Condition
Resale: 1
Structure Type
Office: 1
Location of Property
Shopping Center: 1
Possession
Negotiable: 1
Special Information
Presently Leased: 1
Building and Property Details
# Of Bays: 12
# Of Loading Docks: 1
# Of Offices: 78
Door Height: 0-8'
Improvement Height: 10-25 Stories
Interior Ceiling Height: 10
Maximum Ceiling Height: 10
Column Span
Unknown: 1
Construction Materials
Block: 1
Listing Terms
Conventional: 1
Source Of Expenses
Owner Provided: 1
Pro Forma: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
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
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
Originating Details
Originating System Key: 318781247
Originating System ID: M00000151
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
Co-Broker CA 
Listing Office: TIR Prime Properties Corp.
Last Updated: June - 23 - 2026
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