12985 W Dixie Hwy, North Miami, FL 33161

$2,100,000

Est.Price: ?

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Est. payment /mo

7,742 SqFt


SOLD DATE : 10/16/2026

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 7,742 sqft

Price per Sqft $231

MLS Listing ID A11897492

Sold Date 10/16/26

HOA Y/N No

Year Built 1956

Annual Tax Amount $13,687

Tax Year 2024

Contingent Financing

Lot Size 7,742 Sqft

Property Sub-Type Retail

Property Description

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.

Location

State FL

County Miami-dade

Area 22

Zoning 6600

Interior

Cooling Central Air

Window Features Impact Glass

Exterior

Private Pool Yes

Building

Lot Description Flood Zone

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Others

Tax ID 06-22-30-006-0550

Acceptable Financing Cash

Listing Terms Cash

Financing Seller Financing

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fortune Christie's Intl R.E.
Bought with F B Hospitality Brokerage LLC

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Sylvio Martini
Sylvio Martini

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+1(305) 728-0840 | martini@miamirealtysolution.com

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