Prime Commercial Property On West Dixie Hwy | 15150 W Dixie Hwy
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Prime Commercial Property On West Dixie Hwy 15150 W Dixie Hwy
4,332 SF Retail Building North Miami Beach, FL 33162 $3,758,999 ($868/SF) 5.75% Cap Rate
Investment Highlights
- ***Cooperating Broker commission of 2% paid upon successful funding and closing of transaction***
- Over 17,000 vehicles passing daily as per Florida Highway data.
- Business District (B1 & B2), offering significant development for buildings up to 15 stories high.
- TWO lots totaling 25,326 sq ft of land.
Executive Summary
Prime Commercial Property on West Dixie Hwy – Ideal for Development or Auto Repair Operations
This unique opportunity offers developers and investors a versatile commercial property in a prime North Miami Beach location, boasting high visibility on West Dixie Highway, where over 17,000 vehicles pass by daily (per Florida Highway data). Currently operating as a well-established auto repair and collision center, the property spans two lots totaling 25,326 sq ft, with a solid 4,000+ sq ft facility, holding an active auto repair license and a dealership permit for immediate business use.
Key Property Highlights include:
- Current Use: Fully operational Auto Repair Shop (Collision Center)
- Licenses & Permits: Active auto repair license and dealership permit
- Facilities: Office building with private offices, bathrooms, paint booth, frame machines, and five lifts with bays
- Zoning: Located in the General Business District (B1 & B2), allowing for buildings up to 15 stories high
Zoning Opportunities offer extensive business possibilities, making this property ideal for redevelopment or continued use as an auto repair shop. The B1 & B2 zoning allows for a broad range of uses, including:
- Retail & Service: General retail, personal services, restaurants (without drive-thru), and pharmacies
- Specialty Uses: Medical marijuana dispensaries, microbreweries, wineries, distilleries, and pain management clinics
- Entertainment & Cultural: Movie theaters, museums, art and music schools, and spaces for public events
- Office & Educational Spaces: Professional offices, business training, and vocational schools
- Residential & Mixed-Use Development: Suitable for multifamily or mixed-use projects under specific conditions
This property offers a flexible, profitable investment in one of North Miami Beach’s most active commercial corridors, suitable for immediate operation or future development. Contact us today to learn more about this exceptional opportunity and explore how this property can support your business or development objectives.
This unique opportunity offers developers and investors a versatile commercial property in a prime North Miami Beach location, boasting high visibility on West Dixie Highway, where over 17,000 vehicles pass by daily (per Florida Highway data). Currently operating as a well-established auto repair and collision center, the property spans two lots totaling 25,326 sq ft, with a solid 4,000+ sq ft facility, holding an active auto repair license and a dealership permit for immediate business use.
Key Property Highlights include:
- Current Use: Fully operational Auto Repair Shop (Collision Center)
- Licenses & Permits: Active auto repair license and dealership permit
- Facilities: Office building with private offices, bathrooms, paint booth, frame machines, and five lifts with bays
- Zoning: Located in the General Business District (B1 & B2), allowing for buildings up to 15 stories high
Zoning Opportunities offer extensive business possibilities, making this property ideal for redevelopment or continued use as an auto repair shop. The B1 & B2 zoning allows for a broad range of uses, including:
- Retail & Service: General retail, personal services, restaurants (without drive-thru), and pharmacies
- Specialty Uses: Medical marijuana dispensaries, microbreweries, wineries, distilleries, and pain management clinics
- Entertainment & Cultural: Movie theaters, museums, art and music schools, and spaces for public events
- Office & Educational Spaces: Professional offices, business training, and vocational schools
- Residential & Mixed-Use Development: Suitable for multifamily or mixed-use projects under specific conditions
This property offers a flexible, profitable investment in one of North Miami Beach’s most active commercial corridors, suitable for immediate operation or future development. Contact us today to learn more about this exceptional opportunity and explore how this property can support your business or development objectives.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,332 SF
Building Class
C
Year Built
1952
Price
$3,758,999
Price Per SF
$868
Cap Rate
5.75%
NOI
$216,143
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.58 AC
Opportunity Zone
Yes
Zoning
B-2 - This property is zoned for a wide variety of business uses, making it a prime candidate for redevelopment or continued use auto repair facility.
Parking
4 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
66 FT on Dixie Hwy
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07-2216-002-0580 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $865,365 |
PROPERTY TAXES
Parcel Number
07-2216-002-0580
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$865,365
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Prime Commercial Property On West Dixie Hwy | 15150 W Dixie Hwy
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