The retail property located at 500 Northeast 167th Street in North Miami Beach has been sold for $2,455,000. The property spans 4,293 square feet, resulting in a price per square foot of $572.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,455,000
• Address: 500 Northeast 167th Street
• Market: North Miami Beach

Marc Chasin represented the buyer in this transaction, while Josh Rosa and Juan Andres Nava from Metro 1 Commercial represented the seller. For any inquiries regarding other opportunities in North Miami Beach along 163rd/167th Street, please contact the team at [email protected], [email protected], and [email protected]. Metro 1 Commercial is enthusiastic about the development in this area, which is central to Aventura, Sunny Isles, Surfside, and North Miami. They have expressed their excitement about the Chinatown Cultural Arts & Innovation District, boasting some of the best Asian restaurants in Florida, as well as the upcoming 6,500+ units in the Fulford District, featuring 20-30 story vertical developments.