Retail in 12985 W Dixie Hwy North Miami 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 Hwy, North Miami, FL 33161
- Price:
- $2,100,000.00
- Previous Asking Price:
- $2,000,000.00
- Original List Price:
- $2,000,000.00
- Financial Data Source:
- Owner
- Lease Term:
- 36 Months
- Tenant Pays:
- Trash Collection
- Lease Terms / Move In Requirements:
- 1–3 Year Lease, Triple Net Lease
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Retail
- MLS Number:
- A11897492
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- April 16, 2026 4:01 pm
- Built-Up Area:
- 7,742 Sqft
- Lot Area:
- 7,742 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Windows:
- Impact Glass, Impact glass, Impact Glass
- Air Conditioning
- Air Conditioning System:
- Central Air
- Storm Protection:
- Impact Glass
- Year Built:
- 1956
- Year Built Details:
- Resale
- Number of Buildings:
- 1
- Number of Units Total:
- 7
- Levels:
- One
- Structure Type:
- Retail
- Stories:
- 1
- Tax Annual Amount:
- $13,687.00
- Tax Year:
- 2024
- Security Deposit Description:
- First Month Rent,Security Deposit
- Covered Spaces:
- 0
- Sewer:
- Public Sewer
- Water Source:
- Public
- Senior Community:
- No
- Documents Available:
- Aerial, Rent Rolls, Lease, Contracts
- Listing Terms Considered by Seller:
- Cash
- Occupant Type:
- Call Agent
- Buyer Possession:
- Close Of Escrow, Closing And Funding
- Lease Considered:
- No
- 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):
- 06-22-30-006-0550
- Zoning Description:
- 6600
- Originally published on:
- October 27, 2025 10:42 am
- Active on the market since:
- October 27, 2025
- Price change occurred on:
- April 16, 2026 4:01 pm
- Listing Status Last Changed On:
- October 27, 2025 10:42 am
- Photos updated on:
- March 3, 2026 4:42 pm
- Last Modified:
- April 16, 2026 8:02 pm
- Flood Zone:
- AE
- Subdivision Number:
- 6
- Courtesy of:
- Fortune Christie's Intl R.E.
- Attribution:
- Not provided
- Street Name:
- Dixie Hwy
- Street Number:
- 12985
- City:
- North Miami
- State:
- Florida
- Zip Code:
- 33161
- County:
- Miami-Dade
- Latitude:
- N25° 53' 40.7''
- Longitude:
- W81° 49' 1.8''
- Street Direction Prefix:
- W
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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