Olympic Building

Olympic Building

Address:            951 NE 167th Street, North Miami Beach, FL 33162

Blanca Commercial Real Estate, Inc. in collaboration with MSP Group, are proud to be appointed as the exclusive agents for the sale of the Olympic Building located at 951 NE 167th Street, North Miami Beach, Florida. This three-story, +/- 38,248 SF office building offers an ideal opportunity to establish a headquarters in South Florida with underlying potential for redevelopment. The Olympic Building stands as a unique canvas, ripe for transformation in an unbeatable location. Current month-to-month leases provide flexibility for immediate occupancy and income generation, preserving its ability to be repurposed into a modernized asset. With the potential for redevelopment, this site is poised to benefit from the incentives offered by the Live Local Act and North Miami Beach’s Community Redevelopment Agency (CRA). Whether reimagined as a modern office space or converted into a mixed-use development, the possibilities are endless, ensuring long-term growth and success for visionary investors.

The property benefits from a prime location near the Golden Glades Interchange, offering easy access to I-95 and the Palmetto Expressway (SR-826), two of South Florida’s most active thoroughfares. Ideally positioned among major supercenters including Jefferson Plaza and The Mall at 163rd Street, the Olympic Building also reaches a variety of credit-worthy retail amenities lining North Miami Beach Boulevard. The submarket is experiencing a development surge, with investors injecting nearly half a billion dollars to construct roughly a dozen projects in the area.

GROSS BUILDING AREA:          ±38,248 SF

NET RENTABLE AREA: ±25,343 SF

LAND AREA:     ±46,659 SF

STORIES:           2 + Penthouse

PARKING:          86 Spaces: 22 Covered, 64 Surface (3.04/1000)