12985 W Dixie Highway,North Miami, FL 33161
North Miami, FL 33161
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.
Details
| MLS # | A11897492 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 307 |
| Listing Provided By | Fortune Christie's Intl R.E. | Monica Hurtado |
Features
| SQ Feet | 7,742 |
|---|---|
| Story(s) | 1 |
| Units | 7 |
| Building(s) | 1 |
| Zoning | 6600 |
| Acreage | 0.18 |
Exterior
| Lot Features | Corner Lot |
|---|
Taxes
| Tax Annual Amount | 13687 |
|---|
Location
| Community Features | Shopping |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | North Miami |
| Zip Code | 33161 |
| Area | 2220 |
| Listing VS Median (in 33161) | |
Price: $2,100,000 low | high Med: $130,000 sqft: 7,742 low | high Med: 615 $ / sqft: $271 low | high Med: $211 On site: 307 low | high Med: 80 | |
Market Activity 33161
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | North Miami |
| Zip Code | 33161 |
| Area | 2220 |
| Listing VS Median (in 33161) | |
Price: $2,100,000 low | high Med: $130,000 sqft: 7,742 low | high Med: 615 $ / sqft: $271 low | high Med: $211 On site: 307 low | high Med: 80 | |
