Stabilized 7 Unit Retail Investment 6.
| Website: | https://www.nestseekers.com/5074055 |
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| Address: | North Miami, FL 33161 |
| Ownership: | For Sale |
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| Type: | Retail |
Financials
Price:$2,100,000
Annual Taxes:$13,687
Description
Stabilized 7-Unit Retail Investment | 6.66% Cap | Value-Add Offered at $2,000,000, this fully leased neighborhood retail center sits on a high-visibility corner at 12985 W Dixie Hwy in North Miami. The 7,742 SF building offers strong frontage, parking, and steady traffic exposure. The property generates $146,936 gross income with an estimated $133,249 NOI, reflecting a 6.66% cap rate. All seven units are leased to established tenants on 2–3 year terms, providing stable cash flow with near-term upside. Several rents are below market, offering repositioning potential, and one underperforming unit presents additional value-add opportunity. Built in 1956, zoned 6600, and surrounded by ongoing development. Detailed rent roll and financials available with NDA.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11897492
Amenities
- ImpactGlass
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of Fortune Christie's Intl R.E. | |
