13639 Dixie HwyNorth Miami, FL 33161

This exceptional freestanding retail building, located at 13639 W Dixie Highway in North Miami, Florida (33161), presents a compelling investment opportunity. The 4,080 square foot property sits on a 13,802 square foot lot and boasts a 6.94% cap rate with a current NOI of $84,000. Currently housing three tenants in a 100% occupied, multi-tenant structure, the property offers a gross lease and has one year remaining on the current lease. The building, constructed in 1954, features one story and eight parking spaces. Zoned C-1, the property offers significant redevelopment potential, with permitted zoning allowing for increased density (up to 100 dwelling units per acre). This translates to a maximum of 32 units on this site, making it an attractive proposition for developers seeking to capitalize on redevelopment incentives. The asking price is $1,550,000, representing a price per square foot of $379.90. The property's prime location on a busy stretch of W Dixie Highway ensures high visibility and strong foot traffic. This is a solid land play with the potential for significant future returns.