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$10,000,000

For Sale

$10,000,000

16051 W Dixie Highway, North Miami Beach, FL 33160

Description

Just Listed | North Miami Beach Financial Center | $388K In-Place NOI | North Miami Beach, FL

16051 W Dixie Highway, North Miami Beach, FL 33160

PRICE: $10,000,000

CAP RATE: 3.88%

NOI: $387,854

CAP RATE (PRO-FORMA): 6.23%

TRAFFIC COUNT: 49,500 VPD

BUILDING LEASEABLE AREA: 30,647 SF

PRICE/RENTABLE SF:$326.30

LOT SIZE:107,422 SF (2.47 Acres)

POPULATION: 430,000 IN 5 MILE RADIUS

YEAR BUILT: 1972

HH INCOME: $78,472 IN 3 MILE RADIUS

INVESTMENT HIGHLIGHTS:

Rare Opportunity to Acquire 2.47 Acres of Land on West Dixie Highway in North Miami Beach

Over 675 feet of Frontage Along West Dixie Highway

Located within an Opportunity Zone

Site Plan to Develop Three (3) Additional Retail Buildings and an Office Space on The Subject Property

Allowable Uses Include Retail, Office, Multi-Family, Townhouses, Hotels, and Motels

Slightly Over 2 Miles From The Affluent Sunny Isles Beach

Two Blocks Away From The Signalized Intersection of Biscayne Boulevard and NE 163rd Street that Experience Traffic Counts of 49,500 VPD and 43,500 VPD Respectively

Strong Demographics - Population Exceeds 430,000 within a 5-Mile Radius

Property is Currently 69.9% Occupied

SOLD
For Sale

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