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12985-12997 W Dixie Hwy 5,257 SF 100% Leased Retail Building North Miami, FL 33161 $2,100,000 ($399.47/SF) 5.89% Cap Rate
Investment 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
- Strategic High-Visibility Location: Situated on a 7,742 Sq. Ft. corner lot along the high-traffic W Dixie Highway corridor
- Significant "Upside" Potential: All current tenants are paying below-market rents
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,257 SF
Building Class
C
Year Built
1956
Price
$2,100,000
Price Per SF
$399.47
Cap Rate
5.89%
NOI
$123,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.18 AC
Zoning
C-2, North Miami - BU-1A Limited Business District – allows retail, office, and commercial uses compatible with neighborhood-scale development.
Parking
9 Spaces (2.01 Spaces per 1,000 SF Leased)
Frontage
102’ on W Dixie Hwy
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Smoke Detector
Very walkable
80/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-2230-006-0550 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $639,760 |
Property Taxes
Parcel Number
06-2230-006-0550
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$639,760
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12985-12997 W Dixie Hwy
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