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Office

1681 N Bay Causeway

1681 N Bay Causeway, North Bay Village, FL 33141

Listing Price: $6,500,000

Cap Rate
6.20%
Rentable SF
18,062
Lot Size
0.36 acres
Year Built
1961

Investment Overview

Marcus & Millichap is proud to present 1681 N Bay Causeway, a two-story mixed-use office/retail building located in North Bay Village, Florida. This building was built in 1961 and is situated on a 15,681 square foot lot (0.36 acres), offering approximately 18,062 square feet of rentable area. The subject property is vacant and zoned CG (General Commercial District). The General Commercial District of the City of North Bay Village aims to encourage the development of general office, retail, tourist accommodations, and commercial-residential mixed-use, allowing an investor a variety of options to create steady cash flows for years. 1681 N Bay Causways location and zoning creates an opportunity for developers looking for an infill location for their next development. CG zoning allows a maximum height of 15 stories (150 feet), allowing for unobstructed views of the bay. The subject property is located directly on John F. Kennedy (79th Street) Causeway, a major thoroughfare traveling east and west. Traffic counts of about 37,000 VPD (Vehicles Per Day) and approximately ninety feet of frontage. The property is approximately a mile to Miami Beach a mile and a half to Miami. 1681 N Bay Casusway is located a few hundred feet from Shoma Bay, a 19-story mixed-use project that will consist of 333 residential units and a 36,068 square-foot grocery store anchored by Publix and Sunbeam Television Corporations $57 million waterfronts assemblage. The City of North Bay Village is located in the Miami Beach submarket. The Miami beach submarket has among the lowest office vacancies of all the submarkets and has been that way for over fifteen years due to the limited office development. 1681 N Bay Causway offers an opportunity to the Miami Beach office demand.

Investment Highlights

  • Waterfront property located on 79th Street Causway with over ninety feet of frontage
  • Zoned CG (General Commercial District ) allowing for retail, multi-family, hotel, medical office, and restaurants
  • Located a mile from Miami Beach and A1A

Exclusively Listed By

Financing By

Listing Price: $6,500,000

Cap Rate
6.20%
Rentable SF
18,062
Lot Size
0.36 acres
Year Built
1961

Investment Highlights

  • Waterfront property located on 79th Street Causway with over ninety feet of frontage
  • Zoned CG (General Commercial District ) allowing for retail, multi-family, hotel, medical office, and restaurants
  • Located a mile from Miami Beach and A1A

Investment Overview

Marcus & Millichap is proud to present 1681 N Bay Causeway, a two-story mixed-use office/retail building located in North Bay Village, Florida. This building was built in 1961 and is situated on a 15,681 square foot lot (0.36 acres), offering approximately 18,062 square feet of rentable area. The subject property is vacant and zoned CG (General Commercial District). The General Commercial District of the City of North Bay Village aims to encourage the development of general office, retail, tourist accommodations, and commercial-residential mixed-use, allowing an investor a variety of options to create steady cash flows for years. 1681 N Bay Causways location and zoning creates an opportunity for developers looking for an infill location for their next development. CG zoning allows a maximum height of 15 stories (150 feet), allowing for unobstructed views of the bay. The subject property is located directly on John F. Kennedy (79th Street) Causeway, a major thoroughfare traveling east and west. Traffic counts of about 37,000 VPD (Vehicles Per Day) and approximately ninety feet of frontage. The property is approximately a mile to Miami Beach a mile and a half to Miami. 1681 N Bay Casusway is located a few hundred feet from Shoma Bay, a 19-story mixed-use project that will consist of 333 residential units and a 36,068 square-foot grocery store anchored by Publix and Sunbeam Television Corporations $57 million waterfronts assemblage. The City of North Bay Village is located in the Miami Beach submarket. The Miami beach submarket has among the lowest office vacancies of all the submarkets and has been that way for over fifteen years due to the limited office development. 1681 N Bay Causway offers an opportunity to the Miami Beach office demand.

Exclusively Listed By

Financing By

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