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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