12985 WEST DIXIE HWY, North Miami
$2,000,000 USD
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| Address | 12985 WEST DIXIE HWY, North Miami |
| Type of Property | Retail |
| Type of Business | Retail Space |
| Business Location | Corner Lot |
| Property Style | Retail |
| Price | $2,000,000 |
| Property Status | Active |
| MLS Number | A11897492 |
| Property Size | 7742 |
| Lot Size | 7742 |
| Year Built | 1956 |
| Folio Number | 06-22-30-006-0550 |
| Zoning Information | 6600 |
| Days on Market | 157 |
Detailed 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 sq.ft 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.
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Address Information
| State | Florida |
| City | North Miami |
| County | Miami-Dade County |
| Zip Code | 33161 |
| Address | 12985 WEST DIXIE HWY |
| Business Location | Corner Lot |
| Section | 30 |
| Zip Code (4 Digits) | 4809 |
Financial Information
| Price | $2,000,000 |
| Price per Foot | $0 |
| Folio Number | 06-22-30-006-0550 |
| Tax Amount | $13,687 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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 sq.ft 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. |
| Year Built Description | Resale |
| Cooling Description | Central Individual A / C |
| Water Description | Public |
| Sewer Description | Public Sanitation |
Property parameters
| Living Area | 7742 |
| Lot Size | 7742 |
| Total Acreage | 0.000 |
| Zoning Information | 6600 |
| Maximum Leasable Size | 7742 |
| Year Built | 1956 |
| Type of Property | Retail |
| Type of Business | Retail Space |
| Style | Retail |
| Stories Number | 1 |
| Street Direction | West |
| Listed with | Fortune Christie’s Intl R.E. |