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$ 2,100,000
Est. payment | /mo
7,742 SqFt
$ 2,100,000
Est. payment | /mo
7,742 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
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
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
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
Listed by Fortune Christie's Intl R.E.
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