12985 W Dixie Hwy, North Miami FL 33161 | Miami-Dade County | A11897492
- $2,100,000
- $2,100,000
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.
Address
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Address: Dixie Hwy
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City: North Miami
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Zip/Postal Code: 33161
Details
Updated on July 2, 2026 at 7:47 am-
Property ID A11897492
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Price $2,100,000
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Year Built 1956
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Property Status Active, Commercial Sale
Additional details
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Cooling Central Individual A/C
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Annual Tax 13687
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Association No
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Private Pool No
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Listing Terms All Cash
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Waterfront No
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Total Stories 1
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Structure Type Shopping Center
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Tax Year 2024
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Building Area 7742
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Year Built Details Resale
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Inclusions Building & Land, Leases
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Flood Zone AE
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New Construction No
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Lot Size (Sq Ft) 7742
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