12985 W Dixie HWY, North Miami, FL 33161
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12985 W Dixie HWY, North Miami, FL 33161
12985 W Dixie HWY, North Miami, FL 33161
12985 W Dixie HWY, North Miami, FL 33161
12985 W Dixie HWY, North Miami, FL 33161
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Susan Larkin

Susan Larkin

+1(781) 801-5885
$ 2,100,000
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12985 W Dixie HWY North Miami, FL 33161

7,742 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 7,742 sqft

Price per Sqft $271

MLS Listing ID A11897492

Construction Status Resale

HOA Y/N No

Year Built 1956

Annual Tax Amount $13,687

Tax Year 2024

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Retail

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.

Location

State FL

County Miami-dade

Community Shopping

Area 2220

Zoning 6600

Interior

Interior Features InteriorFeatures

Cooling Central Air

Fireplace No

Exterior

Community Features Shopping

Water Access Desc Public

Building

Lot Description Corner Lot

Dwelling Type Retail

Story 1

Sewer Public Sewer

Water Public

New Construction No

Construction Status Resale

Others

Tax ID 0622300060550

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11897492

BeachesMLS, Inc. (FLR) IDX
Listed by Monica Hurtado Fortune Christie's Intl R.E.

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Susan Larkin

Susan Larkin

Advisor | License ID: SL3570527

+1(781) 801-5885

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12985 W Dixie HWY