12985 W Dixie Hwy
$2,000,000
12985 W Dixie Hwy, North Miami, FL 33161
7,742 sqft
Building Size
7
Units
Details:
Highlights:
- Lot Features: Corner Lot
- Number Of Buildings: 1
- Documents Available: Aerial Photo(S), Contracts, Copy Of Lease(S), Rent Rolls
- Cooling: Central Individual A/C
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
Gallery
