2040 Ne 163rd St, North Miami Beach, FL 33162

$7,000,000
List Price
$7,000,000
Price Change
▼ $1,000,000 1583359781
MLS#
A10627373
Status
ACTIVE
Type
Commercial

Property Description

EXCEPTIONAL OPPORTUNITY TO REDEVELOP COMMERCIAL OFFICE BUILDING LOCATED IN THE OPPORTUNITY ZONE OF NORTH MIAMI BEACH. BEING SOLD FOR POTENTIAL DEVELOPMENT - NEW ZONING ALLOWS 20 STORYS OR 250FT HEIGHT * THREE FLOORS * TOTAL RENTABLE 21,375 SQUARE FEET * 2 BATHROOMS PER FLOOR * TWO NEW 50 TON A/C UNITS * RENOVATED ELEVATOR, ROOF AND HALLWAYS REDONE AND WILL ALLOW FOR RENT INCREASE * TREMENDOUS INVESTMENT OPPORTUNITY * HUGE UPSIDE , WITH GOOD MANAGEMENT * THE CITY GOVERNMENT OF NORTH MIAMI BEACH HAS REZONED N.E 163RD ST TO ALLOW TALLER AND DENSER REAL ESTATE DEVELOPMENTS * HIGH TRAFFIC COUNT ON ONE OF THE MAIN ARTERIES BETWEEN I-95 AND SUNNY ISLES BEACH * 105 PARKING SPACES;WITH AT LEAST 40% DOWN AND QUALIFIED BUYER OWNER MY FINANCE*TERMS AND INTEREST TO BE NEGOTIATED

Additional Information

Days on Market
401
Tax Amount
$48,347
Water Access
Building & Land
Parcel Number
07-22-16-012-0220
Lot Size
48,965
Directions
ON SOUTH SIDE OF 163 RD ST JUST EAST OF 20TH AVE.
Address
2040 Ne 163rd St, North Miami Beach
Year Built
1968
Section
16
Special Information
Sale

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Listing courtesy of Aventura Real Estate, Inc..