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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.

Address Map
FL
Miami-Dade County
North Miami
33161
12985 W Dixie Hwy
W81° 49' 1.6''
N25° 53' 40.6''
MLS Addon
Building & Land, Leases
1 To 3 Year Lease
All Cash
1
Sale
1
Shopping Center
$13,687
2024
Click Here
Public
6600
7
03/03/2026 16:20:53

12985 W Dixie Hwy, North Miami, Florida 33161

$2,000,000
7,742 size sq.ft.
Listing ID #A11897492
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11897492
Price $2,000,000
Year Built 1956
Days on Market 127
Building Area 7,742 Sqft
Status Active
Property SubType Retail
Lot Area 7,742 Sqft
List Date 2026-03-22
On Market Date 27/10/2025
Elena Beck
MiamiInvestrealty
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