12985 W Dixie Hwy, North Miami, FL 33161
12985 W Dixie Hwy, North Miami, FL 33161
12985 W Dixie Hwy, North Miami, FL 33161
15
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$2,100,000
Est. payment /mo
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7,742 SqFt
Pending

12985 W Dixie Hwy North Miami, FL 33161

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Gustavo Pacheco

Gustavo Pacheco

+1(305) 492-9705

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Pending

Purchase Type For Sale

Square Footage 7,742 sqft

Price per Sqft $271

MLS Listing ID A11897492

HOA Y/N No

Year Built 1956

Annual Tax Amount $13,687

Tax Year 2024

Contingent Financing

Lot Size 7,742 Sqft

Property Sub-Type Retail

Property 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 in 1956, zoned 6600, and surrounded by ongoing development. Detailed rent roll and financials available with NDA.

Location

State FL

County Miami-dade

Area 22

Zoning 6600

Interior

Cooling Central Air

Window Features Impact Glass

Exterior

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Others

Tax ID 06-22-30-006-0550

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11897492

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fortune Christie's Intl R.E.

Nearby Locations

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Gustavo Pacheco

Gustavo Pacheco

Agent License ID: 3187382

+1(305) 492-9705

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12985 W Dixie Hwy