Retail in 12985 W Dixie Highway, North Miami, FL 33161 for sale with MLS# A11897492
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.
12985 W Dixie Highway, North Miami, FL 33161
- Price:
- $2,100,000.00
- Original List Price:
- $2,000,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $271.24
- Tenant Pays:
- Trash Collection, Maintenance
- Listing Type:
- For Sale
- Status:
- Active
- Business Type:
- Retail
- Listing Category:
- Commercial Sale
- Property Type:
- Retail
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- April 16, 2026 9:01 pm
- Built-Up Area:
- 7,742 Sqft
- Lot Size Acres:
- 0.18
- Air Conditioning
- Air Conditioning System:
- Central Individual
- Year Built:
- 1956
- Number of Buildings:
- 1
- Number of Units Total:
- 7
- Number of stories:
- 1
- Structure Type:
- Retail
- Flood Zone Code:
- AE
- Property Condition:
- Resale
- Tax Annual Amount:
- $13,687.00
- Tax Year:
- 2024
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Documents Available:
- Rent Rolls, Contracts, Aerial Photo(s), Copy Of Lease(s)
- Listing Terms Considered by Seller:
- Cash
- Buyer Possession:
- Negotiable, Close Of Escrow
- Tax Legal Description:
- 30 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 0702
- Real Estate Folio Number (Parcel Number):
- 0622300060550
- Zoning:
- 6600
- Active on the market since:
- October 27, 2025
- Listing Agreement executed on:
- October 27, 2025
- Price change occurred on:
- April 16, 2026 9:01 pm
- Listing Status Last Changed On:
- October 27, 2025 2:49 pm
- Photos updated on:
- June 19, 2026 8:17 pm
- Last Modified:
- June 19, 2026 8:18 pm
- Courtesy of:
- Fortune Christie's Intl R.E.
- Attribution:
- Not provided
- Street Name:
- Dixie
- Street Number:
- 12985
- City:
- North Miami
- State:
- Florida
- Zip Code:
- 33161
- County:
- Miami-Dade
- Latitude:
- N25° 53' 40.7''
- Longitude:
- W81° 49' 1.9''
- Street Suffix:
- Highway
- Street Direction Prefix:
- W
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 12985 W Dixie Highway, North Miami, FL 33161
