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For Sale

Miami Square

633-699 Northeast 167th Street,
North Miami Beach, FL 33162
Represented by
TIR Prime Realty

Asset Snapshot

Community Center
Office Subtype
1959
Year Built
2024
Year Renovated
12
Floor Count
3
Building Count
3.17 Acres
Land Area
67.4%
Occupancy

Offering Summary

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.

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Listing Syndicated From

Buildout
Accepting Offers
Unlisted
Asking Price

Investment Sales Broker

Mariano Saal
TIR Prime Realty

Market Insights