Retail For Sale
12985 W Dixie Hwy, North Miami, FL 33161

$2,000,000
For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:A11897492
  • Virtual Tour: YES
  • List Price: $2,000,000
  • Taxes:$13,687
  • Year Built:1956
  • Listing Date:October 27, 2025
  • Days On Market:138
  • Total Units:7

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.

Features


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Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker