South Dixie Hwy Mixed Use Asset

Description:

Marcus & Millichap is pleased to exclusively offer the sale of 20920 S. Dixie Hwy, Miami, FL 33189. The property is consists of thirteen (13) retail bays totaling 8,250 Square Feet sitting on a 15,000 square feet lot. The property has great curb appeal and is strategically located on the corner of SW 211th Street and South Dixie Highway. The current tenants at the property run on month-to-month leases and consist of service-oriented tenants, unaffected by e-commerce. Current rents at the subject are averaging 18.60psf roughly 20% below market, minimizing the downside risk for an investor to replace. Through, repositioning current leases and backfilling the vacant retail bays to market rent, an investor will increase cash flow on the property significantly maximizing the yield.

The subject property is centrally located near Southland Mall. Cutler Bay has long been recognized as a suburban community consisting of a dense population. The property has immediate access to the Florida Turnpike. Additionally, Florida is an income tax-free state, and the subject property has a population of over 261,535 within a 5-mile radius.





96% of Tenants on Month-To -Month Leases
Strategically Located on Signalized Intersection
54,000 Vehicles Per Day