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Active retail SALE

12985 W Dixie Highway, North Miami, Florida 33161

North Miami, FL 33161

$2,100,000
Property Details
MLS# A11897492
Type Retail
Year Built 1956
Tax Amount $13,687

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.
Amenities
1 Stories
Built 1956
Cooling: Central Air

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Property Location
Listing Office: Fortune Christie's Intl R.E.
Listing Agent: Monica Hurtado

All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Updated: 06/20/2026 11:54 AM

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