Retail Center – 7 Units in North Miami, FL – Fully Leased with Upside Potential

Category: Retail

Price:$2,000,000

Location: North Miami, FL

Year Built: 1956

Days on Market: 16

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.

Fully leased 7-unit retail center. Tenant-occupied with long-term leases. All paying under market rent. Excellent upside potential.

Listing Code: 1144757475