633 NE 167 Street
North Miami Beach, FL 33162
Sq. Ft.: N/A
TIR Prime Properties is proud to present The Regions North Miami Beach Site, a complex containing a 12 story office building, a one-story retail shopping strip center, a two-level parking garage, and a free-standing one-story retail building, all on 2.9 acres of prime North Miami Beach land. This exclusive offering consists of a mix of retail and office with ample parking. Recent strategic upgrades and renovations done on the property have led to a recent increase in leasing and further improvements could raise the 54.5% occupancy and rates.The large parcel of covered land offers tremendous upside in redeveloping the property to include a hotel, residential, self-storage and retail with North Miami Beach's B-2 zoning while taking advantage of its rental income and lease-up upside.
Subdivision/Complex Name: Region's Building
Construction: Concrete Block Construction
Electric: 0-100 Amps, 101-200 Amps
Parking Description: Assigned Parking, Common Parking, Covered Parking, Free Parking, Garage-Ground Level, Guest Parking, Handicap Parking, Other Parking, St
Lot Size in Sq. Ft.: 136, 468
Property SubType: Commercial/Industrial
Property SubType 2: Commercial
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of TIR Prime Properties Corp.
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Miami data last updated at January 21, 2018 10:57 PM ET