About 12985 W Dixie Highway
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.
Features of 12985 W Dixie Highway
| MLS® # | A11897492 |
|---|---|
| Price | $2,100,000 |
| Acres | 0.18 |
| Year Built | 1956 |
| Type | Commercial |
| Sub-Type | Retail |
| Status | Pending |
Community Information
| Address | 12985 W Dixie Highway |
|---|---|
| Area | 2220 |
| City | North Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33161 |
| HOPA | No Hopa |
Interior
| Cooling | Central Individual |
|---|---|
| # of Stories | 1 |
Additional Information
| Zoning | 6600 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Fortune Christie's Intl R.E. |
|---|