12985 W Dixie Hwy, North Miami, FL 33161

• 7,742 sqft

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.

Listing Status:

Active

Date Added:

October 27, 2025

Data Last Updated:

May 19, 2026 at 4:06PM

Listing Office:

Fortune Christie's Intl R.E. : 305-856-2600

Listing Agent:

Monica Hurtado : 786-380-5318

MLS ID:

A11897492

Interior

• A/C: Central Individual A/C

Construction

• Windows: Clear Impact Glass
• General: 1

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 660030 52 42 IRONS MANOR 5TH ADD PB 22-38 LOT 1 & PORT OF ST ABUTTING NE COR PER DB 4252-588 BLK 15 LOT SIZE 7742 SQUARE FEET OR 20507-0481 070206-22-30-006-0550
• Current Use: Retail

Utilities

• Water: Public
• Sewer: Public Sanitation

Financial

• Source: Miami Association of REALTORS®