Retail Strip Center on Dixie Highway

12900-12950 W. Dixie Hwy, North Miami, FL

$2,975,800

Price

6.5%

Cap Rate

14,879 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
6.5%
Building Size
14,879 sqft
Lot Area
0.6802 acres
Occupancy
100%
Year Built
1955
Floors
1
Description

Large opportunity for an experienced landlord to capitalize on this property's potential income! Lease rates are UNDER market value. Current CAP Rate is 3.6% with short term leases. Current closed retail leases in the area are between $15-$18 PSF. This property has 4 folios of which two are for parking making it easy for tenants to have their customers shop in their stores.
15,000 sq.ft. building for sale on directly on busy West Dixie Hwy. Easy access to property from I-95 or Biscayne Blvd. Front and rear customer parking. Within minutes to Aventura, Bal Harbour and Beaches. Great Price. Zoned C-3 in the City of North Miami.

Located on the corner of 129th Street and West Dixie Hwy, just minute from I-95

Highlights
  • Large opportunity for an experienced landlord to capitalize on this property's potential income! Lease rates are UNDER market value. Current CAP Rate is 3.6% with short term leases. Current closed retail leases in the area are between $15-$18 PSF. This property has 4 folios of which two are for parking making it easy for tenants to have their customers shop in their stores.
  • 15,000 sq.ft. building for sale on directly on busy West Dixie Hwy. Easy access to property from I-95 or Biscayne Blvd. Front and rear customer parking. Within minutes to Aventura, Bal Harbour and Beaches. Great Price. Zoned C-3 in the City of North Miami.
Location
Gallery