Retail Strip Center on Dixie Highway

$2,975,800

12900-12950 W. Dixie Hwy, North Miami, FL 33161

For Sale

Retail Strip Center

Active

Last Updated: 11/03/2022

Details:

Cap Rate: 6.5%

Building Size: 14,879 sqft

Lot Area: 0.6802 acres

Occupancy: 100%

Year Built: 1955

Floors: 1

Offered by

Gus Martinez Pa

Managing Director at KW Commercial-Commercial Realtor

KW Commercial

#3033300

Request Info to Unlock

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.

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