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Redevelopment Opportunity 22825 S Dixie Hwy 1,435 SF Retail Building Miami, FL 33170 $16,053,080 CAD ($11,186.82 CAD/SF)
INVESTMENT HIGHLIGHTS
- BU-3 Zoning
- Neighborhood Shopping Centers
- Strip and Spot Commercial
- Live Local Act possibility, must be confirmed with Miami Dade County
- Wholesale Facilities
EXECUTIVE SUMMARY
Incredible covered land or redevelopment opportunity on So Dixie Hwy, between Cutler Bay and Homestead, on SW 124 Avenue. This 2+ acre BU-3 zoned site is currently leased to small car dealers.BU-3 zoning, while excluding office use, does allow Wholesale Facilities, Spot commercial, Strip commercial, and neighborhood shopping centers. This liberal commercial zoning allows for the possibility of applying the Live Local Act, which would facilitate residential use as part of the redevelopment. The Florida Live Local Act aims to address the state's affordable housing crisis by providing various incentives and opportunities for developers to create workforce housing. It offers funding, land-use flexibility, and tax benefits to encourage the construction of affordable rental housing units.
DATA ROOM Click Here to Access
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$452,278
|
$315.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$452,278
|
$315.18
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $452,278 |
| Annual Per SF | $315.18 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $452,278 |
| Annual Per SF | $315.18 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,435 SF
Building Class
C
Year Built
1957
Price
$16,053,080 CAD
Price Per SF
$11,186.82 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
2.50 AC
Zoning
BU-3 - The BU-3 Liberal Business Use zoning district allows for large scale commercial developments. See attached for the complete Code.
Frontage
350’ on So Dixie Hwy
AMENITIES
- Corner Lot
- Fenced Lot
- Freeway Visibility
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Reny's Auto Sales Corp
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Reny's Auto Sales Corp | Retailer | - | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD (2025) | |
| Land Assessment | $0 CAD (2025) | Total Assessment | $2,169,411 CAD (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$2,169,411 CAD (2025)
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Redevelopment Opportunity | 22825 S Dixie Hwy
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