$2,000,000

12985 W Dixie Hwy, North Miami, FL 33161

  • 7,742 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $258/sqft
  • Property List Date Icon Listed 5 months ago

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:
March 30, 2026 at 5:08AM
Listing Office:
Fortune Christie's Intl R.E. : 305-856-2600
Listing Agent:
Monica Hurtado : 786-380-5318
MLS ID:
A11897492
  • A/C: Central Individual A/C
  • Windows: Clear Impact Glass
  • General: 1
  • Originating MLS: Miami Association of REALTORS®
  • County: Miami-Dade County
  • 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
  • Water: Public
  • Sewer: Public Sanitation
  • Source: Miami Association of REALTORS®

This listing courtesy of Monica Hurtado , Fortune Christie's Intl R.E.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Arch Creek Elementary School

702 NE 137th St, North Miami, FL, 33161

Grades PK-5

0.44 miles away

N

North Miami Middle School

700 NE 137th St, North Miami, FL, 33161

Grades 6-8

0.42 miles away

N

North Miami Senior High School

13110 NE 8th Ave, North Miami, FL, 33161

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.