12985-12997 W Dixie Hwy - Storefront FOR SALE


North Miami, FL 33161
$2,100,000 USD
786-380-5318
12985-12997 W Dixie Hwy, North Miami, FL for Sale
$2,100,000 USD
Storefront - FOR SALE
1/4
null | 5.89% Cap Rate

12985-12997 W Dixie Hwy
North Miami, FL 33161


HIGHLIGHTS

  • 100% Occupancy with Built-in Growth: The retail center is currently fully leased to long-term tenants, but all are paying under-market rent
  • Significant "Upside" Potential: All current tenants are paying below-market rents
  • Strategic High-Visibility Location: Situated on a 7,742 Sq. Ft. corner lot along the high-traffic W Dixie Highway corridor

OVERVIEW

100% Occupied Retail Strip | Strong In-Place Income | Rental Upside | Ideal for 1031 Exchange Exceptional opportunity to acquire a fully leased neighborhood retail center along the high-traffic W Dixie Highway corridor in North Miami, offering strong visibility, consistent tenant demand, and long-term investment stability. Offered at $2,100,000, the property delivers stable in-place income with immediate upside through below-market rents. All seven units are leased to established, service-oriented tenants, providing reliable cash flow with a clear path to increased Net Operating Income (NOI) as leases roll through 2028 The asset consists of approximately ±5,900 SF of rentable space situated on a 7,742 SF corner lot. Constructed of durable concrete block, the property has been well maintained, including a recently updated roof and individual HVAC systems for each unit. Zoning allows for a variety of neighborhood commercial uses, including retail, personal services, medical, office, and food & beverage (subject to tenant-specific buildout), supporting long-term tenant demand and flexibility. Located within a dense residential corridor with strong traffic exposure, the property benefits from consistent local consumer activity and accessibility to surrounding neighborhoods. Investment Highlights: • 100% Occupied Multi-Tenant Retail Center • NOI: $123,600 | Cap Rate: ~5.9% • Below-Market Rents ? Immediate Upside Potential • Leases Rolling Through 2028 (Built-In NOI Growth) • High-Visibility Location on W Dixie Highway • Strong Service-Oriented Tenant Mix • Recently Updated Roof | Individual HVAC Systems • Zoning Supports Retail, Medical, Office & Food Uses • No Immediate Capital Expenditures Required In-place rents remain below market, offering investors immediate mark-to-market potential without the need for significant capital improvements. Ideal for investors or 1031 exchange buyers seeking a low-management, income-producing asset with built-in rental growth and long-term appreciation potential. All information is deemed reliable but not guaranteed. Buyer to independently verify all property details.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

5.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,742 SF

ZONING

C-2, North Miami

APN/PARCEL ID

06-2230-006-0550

ASK ABOUT THIS PROPERTY

Monica HurtadoFortune International RealtyMore Info
786-380-5318

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Monica HurtadoFortune International RealtyMore Info
786-380-5318

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.