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… Read More 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. Read Less
Courtesy of Fortune Christie's Intl R.E., Monica Hurtado, 305-856-2600.
Listing Snapshot
Days Online
258
Last Updated
Property Type
Retail
Square Ft.
7,742
Lot Size
0.18 Acres
Year Built
1956
MLS Number
A11897492
30 Days Snapshot Of 33161
$167k
0%
(avg) sold price
5
+66%
homes sold
115
+38%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1956, Toal building area: 7742, 7 total units
Cooling
"Central Individual"
Lot
0.18 acres
Property
Zoning: 6600
Sewer
"Public Sewer"
Taxes
Annual amount: $13,687
Tenant Pays
"Maintenance", "Trash Collection"
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