12985 W Dixie Hwy North Miami, FL $ 2,100,000
12985 W Dixie Hwy
$ 2,100,000
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12985 W Dixie Hwy

North Miami, FL, 33161
$ 2,100,000
Bedrooms1 Baths0.0 Sq 7,742

Monthly Estimate*

$ 13,260

12985 W Dixie Hwy, North Miami, FL 33161 - Image 1
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12985 W Dixie Hwy, North Miami, FL 33161 - Image 9
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Single Family Home for sale in North Miami, FL

for $2,100,000 with 1 bedroom. This 7,742 square foot home was built in 1956.

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.

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Single Family Active

Price

$ 2,100,000

Bedrooms

1

Property Type

Single Family

Taxes

$ 13,687

Style

Year Built

1956

Town/City

North Miami

County/Region

Miami-Dade

MLS | Web ID

A11897492

Features
General
Sewer PublicSewer
Cooling CentralAir
Possession ClosingAndFunding CloseOfEscrow
Year Built 1956
Tenant Pays TrashCollection
Stories Count 1
Levels One
Property Subtype Retail
Tax Year 2024
County Miami-Dade
Property Type CommercialSale
Full Baths 0
Status Active
City North Miami
Zoning Description 6600
Number Of Units Total 7
MLS Area 22
Lot Size Units SquareFeet
Lot Size Square Feet 7742
Listing Terms Cash
Year Built Details Resale
Tax Annual Amount 13687
Ok to Lease ThirtySixMonths
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11897492
Structure Type Retail
Lease Type Nnn
Standard Status Active
Occupancy Type CallAgent
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
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Interior
Air Conditioning Y/N true
Window Features ImpactGlass
Total Bedrooms 1
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 7742
Number of Buildings 1
Building Area Total 7742
Waterfront Y/N false
Covered Spaces 0
Number of Separate Electric Meters 7
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* Excluded Features
List By
Fortune Christie's Intl R.E.

Broker

ask@luxurybymonica.com

Email

Affordability Calculator

$14,400
Per Month
92%
8%
0%
Monthly Principal & Interest
$13,260
Monthly Property Taxes
$1,141
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2026$2,100,000 5.00% Price Up
10/31/2025$2,000,000 Listed Price

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12985 W Dixie Hwy, North Miami, FL, 33161 is a Single Family Home for sale at $2,100,000 with 7,742 sqft. 12985 W Dixie Hwy has 1 bedrooms, 0.0 baths, and was built in 1956. The property's zip code is 33161 which is in North Miami, FL