12985 Dixie Hwy ,Retail, Shopping Center, Retail Space for Sale & Rent

12985 Dixie Hwy for Sale & Rent

Price $2,000,000.00

• Lot size 7742
• Year Build 1956
• Waterfront
• Zip 33161
• Style
• Parking Description
• Pool Yes
• Status Active

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.

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

Corner Lot

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.

City:North Miami,Zoning:6600,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:25.8946107,Cooling Y N:1,Lease Term:1 To 3 Year Lease,List Price:2000000,Listing Id:A11897492,Longitude:-80.1828782,Mls Status:Active,Year Built:1956,Inclusions:Building & Land, Leases,Postal Code:33161,Street Name:Dixie Hwy,Coordinates:1:25.8946107,Photos Count:22,Days On Market:127,Lot Size Units:Square Feet,M I A M I R E_ Area:22,On Market Date:2025-10-27,Parcel Number:06-22-30-006-0550,Property Type:Commercial Sale,Stories Total:1,Street Number:12985,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2026-10-31,List Office Name:Fortune Christie's Intl R.E.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4809,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:W,Tax Annual Amount:13687,Unparsed Address:12985 W Dixie Hwy, North Miami FL 33161,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:7742,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:7742,M I A M I R E_ Flood Zone:AE,M I A M I R E_ For Sale Y N:1,M I A M I R E_ Num Floors:1,M I A M I R E_ Num Meters:7,Number Of Buildings:1,Original List Price:2000000,Public Survey Range:22,Documents Available:1:Contracts,2:Copy Of Lease(S),3:Rent Rolls,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,M I A M I R E_ Num Tenants:7,Syndication Remarks: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.,Listing Contract Date:2025-10-27,Originating System I D:miamire,Public Survey Section:30,Showing Instructions:Call Listing Agent,Street Number Numeric:12985,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,M I A M I R E_ Current Price:2000000,Public Survey Township:22,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Fully leased 7-unit retail center. Tenant-occupied with long-term leases. All paying under market rent. Excellent upside potential.,M I A M I R E_ Parcel Number M L X:0550,M I A M I R E_ Street View Param:1$25.894629$-80.182804$191.43$13.33$1.00$9tVHLo3OBkBnCScKTZTL2w,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2025-10-27,Distance To Freeway Numeric:2,Internet Address Display Y N:1,Number Of Units In Community:7,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:6,M I A M I R E_ Deposit Information:1:Security Deposit,M I A M I R E_ Agent Alternate Phone:786-380-5318,M I A M I R E_ Occupancy Percentage:100,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:12985 W Dixie Hwy,