13639 W. Dixie Highway | 13639 W Dixie Hwy
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13639 W. Dixie Highway 13639 W Dixie Hwy
4,080 SF 100% Leased Retail Building North Miami, FL 33161 $1,550,000 ($380/SF) 8.51% Cap Rate
Executive Summary
APEX Capital Realty is proud to present an opportunity to purchase a free-standing retail building on one of the most trafficked areas of W Dixie HWY, one of Miami’s busiest streets. Falling under multiple overlays the site allows for an increased density of 100 dwelling unit to the acre, allowing for a max of 32 units on this site.
Currently grossing about $84,000 this property is best seen as a solid covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals in the meantime as the neighborhood continues to grow and thrive.
Currently grossing about $84,000 this property is best seen as a solid covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals in the meantime as the neighborhood continues to grow and thrive.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,080 SF
Building Class
C
Year Built
1954
Price
$1,550,000
Price Per SF
$380
Cap Rate
8.51%
NOI
$131,860
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C-2 - COMMERCIAL
Parking
8 Spaces (1.96 Spaces per 1,000 SF Leased)
Frontage
67 FT on Dixie Hwy
Amenities
- Bus Line
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06-2220-000-0382 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $614,178 |
PROPERTY TAXES
Parcel Number
06-2220-000-0382
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$614,178
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13639 W. Dixie Highway | 13639 W Dixie Hwy
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