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.
- Cooling System
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- North Miami
- Zipcode:
- 33161
- Street:
- 12985 W Dixie Hwy, North Miami, Florida 33161
- Longitude:
- W81° 49' 2''
- Latitude:
- N25° 53' 40.9''
- Building Area:
- 7,742 Sqft
- Cumulative DOM:
- 127
- DOM:
- 127
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lease Term:
- 36 Months
- Listing Terms:
- Cash
- Parcel Number:
- 06-22-30-006-0550
- Structure Type:
- Retail
- Tax Annual Amount:
- $13,687
- Tax Year:
- 2024
- Virtual Tour:
- Click Here
- Window Features:
- Impact Glass
Commercial Sale For Sale
12985 W Dixie Hwy, North Miami, Florida 33161, North Miami, Florida 33161
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,000,000
- Year Built :
- 1956
- Lot Area :
- 7,742 Sqft
- MLS # :
- A11897492
- Property Sub Type :
- Retail
