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12985 Dixie Hwy, North Miami, FL 33161

Offering:
For Sale
Location:
North Miami, FL 33161
Status:
Pending
$2,100,000

Deemed reliable but not guaranteed.

Details
Year built:
1956
Lot size:
7,742 sq ft
Levels:
One
Stories:
1
Days on market:
311
Annual tax (2024):
$13,687
Type:
Retail
MLS ID
A11897492
Virtual tour:
Listed by:
Fortune Christie's Intl R.E. (FINR02)
Listing office phone:
305-856-2600
Listing office email:
Listing agent:
Monica Hurtado (3298858)

Features

Impact Glass
Utilities
Water source:
Public
Sewer:
Public Sewer

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.
Price history
$2,000,000 → $2,100,000 · Increased by $100,000 (5.0%) · 2 price changes

Location

12985 W Dixie Hwy
North Miami, FL 33161
MLS information

Last updated Sep 8, 2026

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.