Investment Overview
Mid-rise, multi-tenant office campus at 633-699 Northeast 167th Street features 112,638 square feet of flexible workspace, attached retail, and structured parking within a well-maintained 3.17-acre campus. While generating immediate, robust cash flow from its office and retail components, the property represents an extraordinary covered land play.
By demolishing the existing parking structure, a developer can unlock a high-density footprint primed for up to 80 units per acre—with potential for significantly higher density by leveraging Florida’s Live Local Act. The complex has received over $7 million in recent capital improvements, preserving long-term asset value while a buyer navigates site plans.
Deal Structure: The owner is primarily seeking an outright sale but is highly qualified and uniquely open to a joint venture (JV) proposal with an experienced developer to unlock the site's mixed-use campus potential.
Investment Highlights
- 112,638 square feet of multi-tenant office and retail spaces
- Structured parking delivers convenient tenant and visitor access
- 3.17-acre lot allows for significant redevelopment potential
- Mid-rise profile offers efficient office floor plates
- Situated on NE 167th Street corridor with over 55,000 AADT
- More than $7 million in recent capital improvements
- Ideal for development and value-add office investors
- Immediate rental income with developable land
- Zoning allows up to 80 units/acre or more via the Live Local Act.
- Flexible Structural Options: Joint Venture (JV) partnership with an experienced developer.