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14227-14229 S Dixie Hwy
Miami, FL 33176
Retail Property For Sale
Investment Highlights
- First time on the market in 40+ years • Long-term ownership • Rare South Miami retail offering
- All tenants operating at the property for 30+ years • Proven occupancy history
- Premier South Miami Location • Frontage on South Dixie Highway (64,500+ VPD) • Surrounded by national retailers • Affluent demographic
- Established Tenant Base • Miami Wheels, Clippers Barber Shop & Freeway Insurance
- Owner-User Opportunity • Miami Wheels occupies approximately 50% of the building • Month-to-month lease • Immediate occupancy potential
- Value-Add Investment Opportunity • Well below-market rents • NNN conversion opportunity
Executive Summary
14227-14229 S Dixie Highway offers the opportunity to acquire a well-locate multi-tenant retail property along one of South Miami’s busiest commercial corridors. The property consists of 5,100 square feet and benefits from strong visibility along South Dixie Highway with over 64,500 vehicles passing the site daily. The property is occupied by Miami Wheels, Clippers Barber Shop, and Freeway Insurance, all of which have successfully operated from this location for over 30 years showing commitment and loyalty to the site.
The asset offers both an investment and owner-user opportunity. Miami Wheel occupies approximately 50% of the building and is currently on a month-to-month lease, providing flexibility for an owner-user seeking immediate occupancy or a investor looking to reposition the space. All tenants are currently operating under gross leases and paying below-market rents, creating a clear value-add opportunity through future lease rollover, rent increases, and conversion to NNN lease structures.
Surrounded by national retailers including Publix, BJ’s Wholesale Club, TJ Maxx, Marshalls, Five Below, CVS, Starbucks, Chase, and Wells Fargo, the property is positioned within an affluent South Miami trade area with average household incomes exceeding $160,000 within a three-mile radius.
The asset offers both an investment and owner-user opportunity. Miami Wheel occupies approximately 50% of the building and is currently on a month-to-month lease, providing flexibility for an owner-user seeking immediate occupancy or a investor looking to reposition the space. All tenants are currently operating under gross leases and paying below-market rents, creating a clear value-add opportunity through future lease rollover, rent increases, and conversion to NNN lease structures.
Surrounded by national retailers including Publix, BJ’s Wholesale Club, TJ Maxx, Marshalls, Five Below, CVS, Starbucks, Chase, and Wells Fargo, the property is positioned within an affluent South Miami trade area with average household incomes exceeding $160,000 within a three-mile radius.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,324 SF
Building Class
C
Year Built
1957
Price
$2,250,000
Price Per SF
$520.35
Cap Rate
8.51%
NOI
$191,587
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.23 AC
Zoning
6200 - commercial
Parking
10 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 33-5021-002-0070 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,207,882 |
Property Taxes
Parcel Number
33-5021-002-0070
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,207,882
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