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16385 W Dixie Hwy 22,334 SF Retail Building North Miami Beach, FL 33160 $2,900,000 ($129.85/SF)
Investment Highlights
- Former Laurenzos Market – well-known neighborhood landmark with built-in recognition
- Large existing building – ±22,334 SF footprint that can support a re-tenant / value-add plan
- In-place urban corridor momentum – benefits from ongoing area reinvestment and surrounding growth
- Prominent W Dixie Hwy frontage – high visibility and easy access on a major corridor
- Currently vacant – clean path for immediate repositioning or redevelopment planning
- Roadway improvement plan – minor right-of-way dedication request noted (limited impact; mainly a front edge/setback adjustment)
Executive Summary
Property Highlights:
* High-visibility retail opportunity along W Dixie Hwy in North Miami Beach
* Shadow-anchored by McDonald’s with strong built-in traffic generation
* Surrounded by dense residential neighborhoods and established retail demand
* Positioned near fully approved multifamily development, supporting future customer activity
* Located within the CRA, with planned corridor and streetscape improvements expected to enhance visibility and accessibility
* Strong nearby traffic counts reinforce appeal for high-exposure retail concepts
* High-visibility retail opportunity along W Dixie Hwy in North Miami Beach
* Shadow-anchored by McDonald’s with strong built-in traffic generation
* Surrounded by dense residential neighborhoods and established retail demand
* Positioned near fully approved multifamily development, supporting future customer activity
* Located within the CRA, with planned corridor and streetscape improvements expected to enhance visibility and accessibility
* Strong nearby traffic counts reinforce appeal for high-exposure retail concepts
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,334 SF
Building Class
C
Year Built
1953
Price
$2,900,000
Price Per SF
$129.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.86
Lot Size
0.60 AC
Zoning
B-2 - MU/ TC - North Miami Beach. Mixed-Use Town Center
Parking
25 Spaces (1.14 Spaces per 1,000 SF Leased)
Frontage
139’ on Dixie Hwy
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-2216-003-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,262,034 |
Property Taxes
Parcel Number
07-2216-003-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,262,034
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16385 W Dixie Hwy
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