For Sale
$3,500,000

20462-20500 Dixie Hwy Cutler Bay, FL 33189

High-traffic location, fully leased, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Cutler Bay retail investment property, located at 20462-20500 S Dixie Hwy, presents a compelling opportunity for discerning investors. The property boasts two buildings totaling 10,776 square feet situated on a substantial 26,004 square foot lot. One building is an 8,584 square foot retail strip center, while the second is a 2,192 square foot freestanding restaurant. This fully-leased property enjoys a prime location on high-traffic US-1, directly across from Southland Mall, ensuring consistent visibility and foot traffic. The property's strong financial performance is evidenced by its annual net operating income (NOI) of $210,000. Built in 1964, this property offers significant value-add potential and redevelopment opportunities for investors seeking to enhance income streams or capitalize on the thriving commercial corridor's future growth. The asking price is $3,500,000. This is an ideal investment for those seeking a stable, high-performing asset with considerable upside potential in a desirable South Florida location. The property is located in Miami-Dade County, Florida, with a zip code of 33189.

Highlights

  • Exceptional Cutler Bay retail investment opportunity, two buildings totaling 10,776 square feet on a 26,004 square foot lot.
  • Prime US-1 location across from Southland Mall, ensuring high visibility and traffic.
  • Fully leased, generating $210,000 annual NOI.
  • 8,584 SF retail strip center and 2,192 SF freestanding restaurant.
  • $3,500,000 asking price; significant value-add and redevelopment potential.

Property Details for 20462-20500 Dixie Hwy

Property type
Retail properties
Year Built
1964
Buildings
2

Location Insight

City
Cutler Bay
County
Miami-Dade
State
Florida
Latitude
25.57706
Longitude
-80.3714553

FAQs

What type of property is this?
Retail property - High-traffic location, fully leased, strong NOI.
Where is the retail property located?
The property is located at 20462-20500 Dixie Hwy Cutler Bay, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Exceptional Cutler Bay retail investment opportunity, two buildings totaling 10,776 square feet on a 26,004 square foot lot.; Prime US-1 location across from Southland Mall, ensuring high visibility and traffic.; Fully leased, generating $210,000 annual NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
20462-20500 Dixie Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message