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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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$2,100,000
Est. payment /mo
7,742 SqFt
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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

HOA Y/N No

Year Built 1956

Annual Tax Amount $13,687

Tax Year 2024

Lot Size 7,742 Sqft

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

Area 22

Interior

Cooling Central Air

Window Features Impact Glass

Exterior

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Others

Tax ID 06-22-30-006-0550

Acceptable Financing Cash

Listing Terms Cash

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

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fortune Christie's Intl R.E.

Nearby Locations

Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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12985 W Dixie Hwy