$2,073,000
Active
$2,073,000
12000 Bayshore #N1506
North Miami, FL 33161
2 bd2.5 ba0 sqft
0
$2,100,000235 days on marketActive
12985 W Dixie Highway, North Miami, FL 33161
North Miami, FL 33161
0
Sq Ft
1956
Year Built
0.18 acres
Lot Size
Listing Snapshot
| List Price | $2,100,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.18 acres |
| Year Built | 1956 |
| Property Tax | $13,687/yr |
| MLS # | 1148824453 |
| Status | Active |
| Days on Market | 235 |
About This Home
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.
General Features
- Property Type
- CommercialSale
- Sub-type
- Retail
- Stories
- 1
- Zoning
- 6600
Interior Features
- Cooling
- CentralAir
Exterior Features
- Lot Features
- CornerLot
Community Features
- Community Features
- Shopping
- MLS Area
- 2220
Map
Virtual Tour
View Virtual TourListed by Monica Hurtado · Fortune Christie's Intl R.E.
MLS# 1148824453 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
MLS# 1148824453 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
Schedule a showing or ask a question — buyer representation is free.
Estimate Your Payment
$
20% down · Loan: $1,680,000
%
Est. Monthly$12,601
Principal & Interest$11,461
Property Tax$1,141
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.
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