$2,000,000

12985 W Dixie Hwy, North Miami FL 33161

Retail
Built in 1956
7,742 Square Feet lot
127 days on market

About this property

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.

Property Details

Exterior

  • Lot Features: Corner Lot
  • Waterfront: No

Interior

  • Building Area Total: 7742
  • Cooling Type: Central Individual A/C
  • Stories: 1

Location

  • City: North Miami
  • County: Miami-Dade County
  • State: FL
  • Zoning: 6600

Construction

  • New Construction: No
  • Sewer: Public Sanitation
  • Water Source: Public

Public Info

  • Lot Size: 7,742 Square Feet
  • Year Built: 1956
  • APN: 06-22-30-006-0550

Tax Information

  • Annual Tax Amount: $13,687
  • Tax Year: 2024

Price History

3/3/2026 Listed for Sale
Source: Miami REALTORS®
$2,000,000

Walk Score

Walk Score
90
Walk Score®
Very Walkable
Transit Score
45
Transit Score®
Some Transit
Full Walk Score
Bike Score
56
Bike Score®
Bikeable
Kevin McCarthy
Kevin McCarthy
RACVantage Managing Broker | Commercial Real Estate Advisor






    By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.






      By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.