951 Olympic Building 951 NE 167th St

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).

The submarket’s appeal is underscored by an influx of capital, with nearly half a billion dollars recently invested across roughly a dozen projects. This wave of development aims to transform the area, sparking a surge of growth and revitalization. In the heart of this flourishing city lies the Olympic Building, benefiting from its proximity to the Golden Glades Interchange. The property’s seamless access to South Florida’s major thoroughfares is complemented by a wealth of amenities along the route. Just moments away from Jackson North Medical Center, numerous residential properties, and major retail destinations, the subject property offers unparalleled convenience and connectivity.

Whether stationed as a corporate headquarters or converted into a mixed-use development, the Olympic Building’s possibilities are endless, fostering long-term growth and success for opportunistic investors or developers.