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3.17-Acre High-Density Development & Value-Add Office Campus

Market Price

633-699 Northeast 167th Street, North Miami Beach, FL 33162

Active
Last Updated: 09/07/2026

112,638 sqft

Building Size

3.17 acres

Lot Area

Details:
Building Size:    112,638 sqft
Lot Area:    3.17 acres
Occupancy:    67.4%
Class:    B
Units:    142
Year Built:    1959
Floors:    12
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.
Description:

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.

Miami Square is strategically anchored in the high-growth corridor of North Miami Beach, a submarket increasingly defined by its connectivity and urban transformation. Positioned along Northeast 167th Street, the property benefits from exceptional visibility and proximity to major transit arteries, placing it at the nexus of South Florida’s most vibrant residential and commercial hubs. This area is experiencing a significant "Live Local" renaissance, as North Miami Beach continues to evolve into a preferred destination for professionals seeking a sophisticated balance of work-life integration. With a robust local economy and a steady influx of new residents, the Northeast Dade submarket offers a resilient environment for both stabilized office assets and aggressive new residential development. Miami Square sits at the epicenter of this shift, perfectly sized and situated to maximize the density provisions of Florida's latest housing legislations.

Miami Square sits on a highly visible, 3.17-acre corner parcel directly along the heavily trafficked Northeast 167th Street corridor, boasting an exceptional daily traffic count of over 55,000 vehicles. The site features an expansive physical footprint with excellent ingress and egress points, seamlessly accommodating both the 12-story mid-rise tower and its dedicated multi-level parking garage.

Benefiting from flexible Mixed-Use International Boulevard District - West (MU/IB-W) zoning, the property offers a rare "covered land play." It yields immediate, robust cash flow while providing a massive, high-density envelope for future redevelopment into multifamily residential, hospitality, or expanded mixed-use projects.

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