North Miami Freestanding Retail

$1,550,000

13639 West Dixie Highway, North Miami, FL 33161

For Sale

Retail

Pending

Last Updated: 11/25/2024

Details:

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

Offered by

Adriano Salucci

Sales Associate

APEX Capital Realty LLC

Request Info to Unlock

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.