Debbie Blum - The Cornerstone Team
Price History
$2,000,000
10/27/2025
$2,100,000
4/16/2026
12985 W Dixie Hwy, North Miami, FL, 33161
1956
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.
Status:
Active
Type:
Commercial
Units:
7
Zoning:
6600
Cooling:
Central Air
Est. Taxes:
$13,687
Days on Market:
171
Lease Term Type:
36 Months
MLS #:
A11897492
Community Info
School Info
Walk Score
Yelp
Listing courtesy of Fortune Christie's Intl R.E. 305-856-2600