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7,742 sqft

$2,100,000

12985 W Dixie Hwy, North Miami FL, 33161

Price per sqft$271.25
Built in1956
Property size7,742 sqft
Property typeCommercial

Overview

Active

Listed Oct 27, 2025

Updated 4 weeks ago

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.

Additional information

MLS® ID
A11897492

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$13,687
Tax Frequency
Annually

Broker Reciprocity Courtesy of Fortune Christie's Intl R.E.

 

Data last updated:9/14/2026.

 

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