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31275650
31276217

161 NE 183rd St, Miami, FL 33179

JM
FL 3632791
DS
BK3269897
Signature Commercial Real Estate
Listed by Signature Commercial Real Estate
$4,000,000
71 days on market
Updated 24 days ago

Amazing Opportunity in High Traffic Corridor

Details
Property Type Mixed Use, Retail
Sub Type Convenience Store, Day Care/Nursery (+1)
Square Footage 4,883
Price per SqFt $819
Class C
Year Built 1972
Buildings 1
Stories 1
Lot Size (SqFt) 16,956
Zoning BU 1A
Investment Type Owner/User
Ground Lease No

Amazing Opportunity in High Traffic Corridor

Marketing description

The offering includes two congruous parcels located at 161 NE 183rd St, Miami, FL 33179 offering a prime location in the North Miami area with significant frontage. Parcel 1 is situated on the corner of NE 1st Court and NE 183rd St Miami currently operates as a banquet hall/entertainment venue, while Parcel 2 is currently used for parking of trucks and cars. Parcel 1 is zoned BU - 1A and Parcel 2 is zoned RU2.

Ideal for the following uses:

Neighborhood Retail & Service Center- Converting the existing structure into a multi-tenant strip for essential services—such as a modern urgent care, dental clinic, fitness boutique, high-end daycare, church or office.The additional lot resolves typical parking constraints for high-intensity retail or medical uses.

Medical or Professional Office Hub- The property’s 153-foot frontage on a major east-west artery makes it an ideal standalone facility for a medical group or professional firm (legal, accounting, or real estate). BU-1A zoning allows for professional services "by right," minimizing regulatory "red tape".

Mixed-Use Redevelopment The assemblage allows for a ground-floor commercial presence along NE 183rd St with residential density on the RU-2 portion. Under the Live Local Act, the project could potentially secure density bonuses and expedited permitting for workforce housing, allowing for greater height than the standard BU-1A limit.

The full assemblage offers unique flexibility. The site is best suited as a neighborhood-serving commercial asset or a mixed-use redevelopment play that leverages the additional land for parking or residential density.

Investment highlights

2 parcels totaling .59 acres with a 4883 sq ft building which under BU-1A zoning offers many uses among them retail and service, hospitality/entertainment with plenty of parking. The second parcel avails itself of RU2 zoning allowing for development of a duplex. One might consider seeking to rezone the second parcel to allow for more uses.

Ideal for the following uses:

  • Neighborhood Retail & Service Center
  • Medical or Professional Office Hub
  • Mixed-Use Redevelopment

Listing Contacts

JM
FL 3632791
DS
BK3269897
Signature Commercial Real Estate
Listed by Signature Commercial Real Estate

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Additional Information

Name
Judith Marra
License
3632791
Brokerage
Signature Commercial Real Estate, LLC
Brokerage Phone
561 571 9270
Title
Real Estate Broker
Brokerage Address
9080 Kimberly Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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