North Miami Freestanding Retail

13639 West Dixie Highway, North Miami, FL

$1,550,000

Price

6.94%

Cap Rate

$84,000

NOI

Overview
Cap Rate
6.94%
NOI
$84,000
Building Size
4,080 sqft
Lot Area
13,802 sqft
Lease Type
Modified Gross
Year Built
1954
Zoning
C-1
Tenancy
Multiple
Parking Spots
8
Description

APEX Capital Realty is proud to present an opportunity to purchase a free-standing retail building
on one of the most trafficked areas of W Dixie HWY, one of Miami’s busiest streets. Falling under multiple overlays the site allows for an increased density of 100 dwelling unit to the acre, allowing for a max of 32 units on this site.

Currently grossing about $84,000 this property is best seen as a soli1d covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals in the meantime as the neighborhood continues to grow and thrive.

Documents
Title
PropertyBrochure.pdf
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Location
Gallery