1700 NE 164th St
North Miami Beach, FL 33162
1.16 Acre Development Opportunity · Land For Sale · 1.16 ac

The property is located one block North of 163rd Street, which has high traffic counts of over 58,000 vehicles per day (VPD), and few blocks West of Biscayne Blvd (US-1), which has high traffic counts of 64,500 VPD. This location provides easy access to I-95 (Interstate 95), Florida’s Turnpike, Aventura, Sunny Isles, Miami Beach and Biscayne Boulevard. The subject property is located in a well established, mixed-use, area within the City of North Miami Beach. Plenty of high-rise buildings and mixed-use projects have been surging in the North Miami Beach area due to the new zoning code on and around Biscayne Boulevard, which allows for higher density projects. There are numerous condo and presale units in the planning and presale phase of development on and around the stretch of Northeast 151st Street and Northeast 176th Street. Over the past ten years the population of the city of North Miami Beach as well as the surrounding neighborhood has grown younger as families with children have moved to the area. 1700 NE 163rd Street is zoned within the Core Sub-Area of MU/TC district, the highest density and intensity within MU/TC, which allows for dense mixed-use development. The zoning allows for mixed-use developments with a maximum height of 30 stories or 375 feet, whichever is less. The attractive zoning, strong demographics, and rapid increase in redevelopment provides an investor with the opportunity to purchase an asset with great economic potential.