12985-12997 W Dixie Hwy
North Miami, FL 33161
Retail Property For Sale

A premier opportunity to acquire a fully stabilized, 100% occupied Class B retail center situated on the high-traffic W Dixie Highway corridor in North Miami. Priced at $2,000,000, this asset represents a "value-add" play where the value is not found in heavy construction, but in immediate rental upside. All seven storefronts are occupied by long-term tenants currently paying below-market rents, providing a guaranteed path to increased Net Operating Income (NOI) as leases renew through 2028.
Property Condition & Specifications
The building consists of approximately ± 5,900 SF of rentable space on a 7,742 Sq.Ft. corner lot. It features durable concrete-block construction and has been exceptionally well-maintained, notably boasting a brand-new roof and central individual air conditioning for each unit.
• Zoning: BU-1A (Limited Business District), allowing for a wide range of commercial uses.
• Infrastructure: Serviced by public water and sanitation.
• Parking: Ample front-facing parking with prime visibility and signage along a major commercial artery.
Financial Performance & "Upside" Narrative
The property is a high-efficiency investment with minimal landlord responsibilities, limited primarily to real estate taxes (13,687/yr)**andinsurance,totalingapproximately**38,000 in annual operating expenses.
The investment is currently positioned with a strong entry yield that scales significantly:
• Current State: Generating **144,000inannualrent**fora**5.3106,000 NOI).
• Stabilized Potential: Projected 7.0% Cap Rate ($139,000 NOI).
• Market Potential: Fully adjusted market rents could yield an 8.7% Cap Rate, pushing the NOI to $174,400.
This financial progression makes the asset particularly attractive for 1031 Exchange investors seeking a stable "safe-haven" property with built-in growth.
Strategic Location & Market Context
Located at 12985 W Dixie Hwy, the property sits in one of Miami’s fastest-growing submarkets. This high-visibility retail corridor serves as a vital link connecting Downtown Miami, Miami Shores, and Aventura. The site benefits from excellent accessibility to I-95 and Biscayne Blvd, placing it in the path of ongoing residential and retail redevelopment that continues to drive long-term property appreciation and population density.