12985 W Dixie Highway, North Miami, FL 33161

Listing Snapshot

Price

$2,100,000

Days on Site

235 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

7,742 sqft

Lot Size

0.18 Acres

Year Built

1956

Property Type

Commercial

MLS #

A11897492

Property Tax

$13,687 (2024)

County

Miami Dade

Status

Active

About This Property

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.

General Features

Property Type

Commercial

Status

Active

Year Built

1956

Property Condition

Resale

Number of Stories

1

Lot Size (Acres)

0.18

Total Sq Ft

7,742

Structure Type

Retail

Sewer

Public Sewer

Water Source

Public

Zoning

6600

Interior Features

Cooling

Central Air

Exterior Features

Lot Features

Corner Lot

Community & HOA

Community Features

Shopping

Financing Terms

Cash

MLS Area

2220