15657 S Dixie Hwy - Freestanding FOR SALE


Miami, FL 33157 | 
$2,950,000 USD
786-522-7086
15657 S Dixie Hwy, Miami, FL for Sale
$2,950,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

15657 S Dixie Hwy
Miami, FL 33157


HIGHLIGHTS

  • Rare Vacant, Single-Tenant Retail Building Offering Immediate Occupancy for an Owner-User or Value-Add Lease-Up Opportunity for an Investor
  • Prime US-1/South Dixie Highway Frontage with Direct Exposure to Over 57,500 Vehicles Per Day, Includes Southbound Turn-In Lane
  • Positioned in the Heart of Palmetto Bay, an Affluent, Densely Populated Residential Corridor w Avg. Household Incomes Nearing $143,000 w/in One-mile
  • Freestanding Format on a 15k SF Lot Offers Flexibility for Reconfiguration, Expansion, Drive-Thru Conversion (Subject to Approvals), or Redevelopment
  • Surrounded by a Dense National Credit Retail Corridor Anchored by Publix, Target, BJ’s Wholesale, Trader Joe’s, Whole Foods, Marshalls, & Home Depot
  • Strong Parking Ratio of 4.58 spaces per 1,000 SF Supports Multiple Uses

OVERVIEW

The offering presents a rare opportunity to acquire a freestanding retail asset along one of South Miami-Dade County's most heavily traveled commercial corridors. Located directly on US-1/South Dixie Highway with exposure to approximately 57,500 vehicles per day, the property offers immediate occupancy for an owner-user, as well as flexibility for investors seeking a lease-up, repositioning, or redevelopment opportunity. The property is expected to be delivered vacant at closing, providing a clean slate for a new operator or tenant. Situated within the affluent community of Palmetto Bay, the asset benefits from a dense and established residential base, with average household incomes of approximately $142,796 within one mile and a population exceeding 100,900 residents within three miles. The surrounding trade area is anchored by major national retailers including Publix, Target, BJ's Wholesale, Trader Joe's, Whole Foods, Marshalls, and The Home Depot, creating a highly desirable retail corridor that attracts consistent consumer traffic.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$796 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palmetto Bay Vacant Single Tenant Retail Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

B1

APN/PARCEL ID

33-5028-047-0010

ASK ABOUT THIS PROPERTY

Tricia LimMarcus & MillichapMore Info
786-522-7086

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Tricia LimMarcus & MillichapMore Info
786-522-7086

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