Value­-Add Multi­-Tenant Retail Center

5509

Property ID

5,445 SqFt

Size

Description

The city of North Miami is listed as a “What’s Next?” area. A definite Emerging Market located in the city’s Cultural Arts District. Situated two streets from the city’s Downtown District

This property is positioned on bustling (approx 30,000 autos daily) West Dixie Hwy.

Medical Marijuana Dispensary is Permitted according to NM’s Zoning code. Easy access to the property from I­-95 or Biscayne Blvd. Plenty of customer parking with front, side, and rear of the property.

Within minutes to Aventura, Bal Harbour and Beaches. Around the corner is a Publix shopping center.

Tremendous opportunity for an experienced landlord to capitalize on this property’s potential income! Lease rates are UNDER market value.

Three of the four tenants each occupy approx 1,000 sf while the restaurant occupies approx 2,445 sf and uses the second floor for additional storage.

All but the restaurant are on short term leases. There’s plenty of parking in the front, side, and rear of the building.

Current closed retail leases in the area are between $15-­$18 PSF. Future Land Use Designation (FLU) *Seller Financing Available*

HIGHLIGHTS

  • Zoned Permitted for Medical Marijuana Dispensary
  • Value-­Add Center with Below Market Rents Seller Financing Available
  • Excellent Visibility­ Dixie Hwy Frontage
  • Heavy Traffic Road approx 30,000 autos daily
  • Short Term Leases
  • Emerging Market Area
  • Easy Access with close proximity to I­95 and Biscayne Blvd
  • Two Streets from N Miami’s Downtown District
  • Under Valued and Overlooked Area
  • A Lot of Sales Activity in the Area

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Address

Address: 12750 W Dixie Hwy, North Miami, FL
  • Country: United States
  • Province / State: Florida
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  • Property ID 5509
  • Price $1,700,000
  • Property Type Retail
  • Property status For sale
  • Year Built 1955
  • Size 5,445 SqFt
  • Lot Area 8,250 SQFT

Contact

Cynthia Hill

Property Agent
+1 305-967-7200
chsellsflorida@gmail.com
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