12985 W Dixie Hwy, North Miami, FL 33161
- $2,100,000
- List Price
- $2,100,000
- Price Change
- ▲ $100,000 1776388367
- MLS#
- A11897492
- Status
- ACTIVE
- Type
- Commercial
Property Description
Stabilized 7-Unit Retail Investment | 6.66% Cap | Value-Add Offered at $2,000,000, this fully leased neighborhood retail center sits on a high-visibility corner at 12985 W Dixie Hwy in North Miami. The 7,742 SF building offers strong frontage, parking, and steady traffic exposure. The property generates $146,936 gross income with an estimated $133,249 NOI, reflecting a 6.66% cap rate. All seven units are leased to established tenants on 2–3 year terms, providing stable cash flow with near-term upside. Several rents are below market, offering repositioning potential, and one underperforming unit presents additional value-add opportunity. Built in 1956, zoned 6600, and surrounded by ongoing development. Detailed rent roll and financials available with NDA.
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Additional Information
- Days on Market
- 275
- Tax Amount
- $13,687
- Water Access
- Building & Land, Leases
- Parcel Number
- 06-22-30-006-0550
- Lot Size
- 7,742
- Address
- 12985 W Dixie Hwy, North Miami
- Year Built
- 1956
- Section
- 30
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Listing Courtesy of Fortune Christie's Intl R.E., Contact: