North Miami Freestanding Retail
13639 West Dixie Highway, North Miami, FL
$1,550,000
Price
6.94%
Cap Rate
$84,000
NOI
Overview
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
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PropertyBrochure.pdf
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