12985 W Dixie Hwy
North Miami, FL 33161
Active
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.
Property Details
Essential
- StatusActive
- Days On Site224
- Days To Sale2025-10-27T00:00:00.000Z
- MLS#A11897492
- Property TypeCommercial Sale
- Property Sub TypeRetail
- Number of Stories1.0
- Property Size7,742 sqft
- Lot Size7742.00 Square Feet
- Tax Amount$13,687
- Tax Year2024
- HOANo
- Data SourceMiami Association of REALTORS®
- Latest Update06/06/2026
