For Sale

12985 W Dixie Hwy, North Miami

12985 W Dixie Hwy, North Miami, FL 33161

$2,000,000

Monica Hurtado, PA

Monica Hurtado, PA

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.

7,742 Sq.Ft. LIVING AREA

7,742 Sq.Ft. lot

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area7,742 Sq.Ft.
  • Total Area7,742 Sq.Ft.
  • Lot Area7,742 Sq.Ft.
  • MLS® IDA11897492
  • TypeCommercial
  • YEAR BUILT1956

Exterior

  • STORIES1
  • water SourcePublic
  • lot featuresCorner Lot
  • AIR CONDITIONINGCentral Individual A/C
  • sewerPublic Sanitation

Financial

  • Sales Price$2,000,000
  • Real Estate Tax $13,687/yr
  • Zoning 6600
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