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12985 W Dixie Hwy
Listing Details
- $2,100,000
- MLS# A11897492
- Type Commercial - Retail
- Status Active
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... Read more
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All Property Features
- Property Type: Commercial - Retail
- Cooling: Central Individual A/C
- Crops Included Y/N: No
- Days on Site: 214
- Home Warranty Y/N: No
- Lease Considered Y/N: Yes
- Lease Terms: 1 To 3 Year Lease
- Listing Terms: All Cash
- Lot Description: Corner Lot
- Lot Size: 0.18 Acres
- Parcel#: 06-22-30-006-0550
- Property Attached Y/N: No
- Property Sub-Type: Retail
- Sewer: Public Sanitation
- Stories: 1.0
- Taxes: $13,687
- Water: Public
- Window: Clear Impact Glass
- Year Built: 1956