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$1,790,000

  • Sold
  • Closed
  • Retail
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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.

Full Property Details for 12985 W Dixie Hwy

General

  • Sold For: $1,790,000
  • Taxes: $13,687 (2024)
  • Status: Closed
  • Type: Retail
  • Source: Greater_Miami
  • MLS ID: A11897492
  • Added to Site: 364 day(s) ago

Business

  • Business Type: Retail Space

Rental Information

  • Lease/Rent Term: 1 To 3 Year Lease
  • Lease Info: NNN

Location

  • County: Miami-Dade County
  • Dist. to Freeway: 2

Community

  • Units Assoc/Comm: 7

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Individual A/C

Utilities

  • Sewer: Public Sanitation
  • Water: Public

Structural Information

  • # Buildings: 1
  • Structure Type: Shopping Center
  • Detached/Attached: Detached
  • Windows: Clear Impact Glass
  • Stories/Levels: 1
  • Building Size: 7742
  • Current Bldg. Use: Retail
  • Year Built: 1956

Unit Information

  • Units in Complex: 7

Lot Features

  • Lot Size (Sq. Ft.): 7,742
  • Lot Features: Corner Lot
  • Potential Use: Investment
  • Zoning: 6600

Financial Considerations

  • Tax Amount: $13,687
  • Tax Year: 2024
  • Terms: All Cash
  • Tenant Pays: Trash Collection

Disclosures and Reports

  • Special Conditions: Sale
  • Documents Avail.: Aerial Photo(S), Contracts, Copy Of Lease(S), Rent Rolls
  • Legal Description: 30 52 42 IRONS MANOR 5TH ADD PB 22-38 LOT 1 & PORT OF ST ABUTTING NE COR PER DB 4252-588 BLK 15 LOT SIZE 7742 SQUARE FEET OR 20507-0481 0702
  • Inclusions: Building & Land, Leases
  • Property ID: 06-22-30-006-0550

Listed by Fortune Christie's Intl R.E.
Sold by F B Hospitality Brokerage LLC

Listing agent

— 12985 W Dixie Hwy —

  • Fortune Christie's Intl R.E.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 12985 W Dixie Hwy

School District:Dade County School District
NameGradesDistance
W. J. Bryan Elementary School
1201 Northeast 125th Street, North Miami, FL 33161
PK-50.6 mi
North Miami Middle School
700 Northeast 137th Street, North Miami, FL 33161
6-80.4 mi
North Miami Senior High School
13110 Northeast 8th Avenue, North Miami, FL 33161
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12985 W Dixie Hwy

Date
Details
Price
Change
Source
10/16/2026
Sold
$1,790,000
-14.76%
MLS
4/16/2026
Price Increased
$2,100,000
5%
MLS
10/27/2025
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Fortune Christie's Intl R.E.
Sold by F B Hospitality Brokerage LLC

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12985 W Dixie Hwy, North Miami, FL 33161 (MLS# A11897492) is a Retail property that was sold at $1,790,000 on October 16, 2026. Want to learn more about 12985 W Dixie Hwy? Do you have questions about finding other Retail real estate for sale in North Miami? You can browse all North Miami real estate or contact a Coldwell Banker agent to request more information.