786-528-6151
633-699 NE 167th St, North Miami Beach, FL for Sale
Office - FOR SALE
1/12
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633-699 NE 167th St
North Miami Beach, FL 33162


HIGHLIGHTS

  • 112,638 SF multi-tenant office and retail campus
  • 3.17-acre high-visibility corner site in North Miami Beach
  • Recent $7 million in capital expenditures
  • MU/IB-W zoning with mixed-use redevelopment potential
  • Seller will consider qualified JV proposals in addition to outright sale
  • Lease-up Upside with $1.3MM Loss-to-Lease

OVERVIEW

Miami Square offers investors and developers a rare income-producing covered land play in the City of North Miami Beach. Situated on a 3.17-acre high-visibility corner site along NE 167th Street, the property includes approximately 112,638 rentable square feet across a 12-story office tower, retail components, structured parking, and additional campus redevelopment areas. The asset provides current in-place income from office, retail, and parking operations, with additional upside through lease-up of existing vacancy. This creates a strategic acquisition profile: near-term income from the existing commercial campus, combined with the ability to pursue a larger mixed-use redevelopment plan over time. The property is zoned Mixed-Use International Boulevard District - West (MU/IB-W). Current zoning analysis indicates an as-of-right residential density of up to 80 dwelling units per acre, with conceptual studies illustrating approximately 252 residential units while preserving the existing office tower. Additional intensity may be available through applicable local bonus provisions or Florida’s Live Local Act framework, subject to confirmation by land-use counsel, City review, site planning, parking, infrastructure, and all required approvals. Seller is seeking a sale and will consider qualified joint venture proposals from experienced development, operating, or capital partners capable of executing a phased mixed-use redevelopment strategy. Financial information is available to qualified prospects upon execution of a confidentiality agreement.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miami Square

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

12

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

138,085 SF

ZONING

MU/IB-W

APN/PARCEL ID

07-2207-013-0010

ASK ABOUT THIS PROPERTY

Mariano SaalTIR Prime PropertiesMore Info
786-528-6151

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Mariano SaalTIR Prime PropertiesMore Info
786-528-6151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.