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1620 NE 148th St - Oak Plaza - Value Add Shopping Center - For Sale

$3,950,000

1620 Northeast 148th Street, North Miami Beach, FL 33181

Active
Last Updated: 07/01/2025

15,604 sqft

Building Size

36,168 sqft

Lot Area

Details:
Building Size:    15,604 sqft
Lot Area:    36,168 sqft
Occupancy:    73%
Zoning:    BU-1
Highlights:
  • 15 Micro-Retail Units
  • 73% occupancy
  • Value-Add Opportunity with Significant Upside Potential
  • BU-1 Zoning allows for a maximum development height of up to 45ft and 4 stories.
Description:

15 Unit Strip Center
A unique investment opportunity along W Dixie Highway: a 15-unit micro retail shopping center offering substantial value add potential. The current tenancy consists primarily of vacant units or month-to-month occupants, providing exceptional flexibility for repositioning the asset. Investors may pursue full owner-user occupancy, a hybrid owner/tenant structure, or a comprehensive re-leasing strategy at prevailing market rents.

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Documents:
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Offering Memorandum
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