13255 Dixie HwyNorth Miami, FL 33161

Property Details for 13255 Dixie Hwy

Year built

1954

Construction

CONCRETE

Lot size

0.12 AC

Property size (Sq ft)

850 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Office buildings

APN

06-2229-049-0760

APU

622290490760

Description

This exceptional commercial property, located at 13255 W Dixie Hwy in North Miami, Florida, presents a compelling investment opportunity. The 0.44-acre lot (19,005 sq ft) features a 850 sq ft free-standing office building, currently vacant and ready for immediate occupancy. Situated on a highly visible, signalized corner at the intersection of W Dixie Hwy and NE 9th Ave, the property benefits from an average daily traffic count of 20,500 vehicles. The C-1 Commercial zoning allows for a wide range of uses, making it ideal for owner-users seeking a strategic location or developers looking for significant redevelopment potential. With permitted residential density of up to 100 units per acre and up to 9 stories, this site offers substantial upside. The area is experiencing rapid growth, with several large-scale residential projects underway, further enhancing the property's long-term value. The asking price is $2,000,000. This property offers a unique blend of immediate usability and significant future development possibilities in a thriving Miami-Dade County location. The zip code is 33161.

• CAP approach

  CAP return

  Valuation

  6%

  $551,465

  6.5%

  $509,045

  7%

  $472,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $325,431

  Geo Method

  $325,431

• Alternative Use

  Use

  Valuation

  Residential

  $631,216

  Hospitality

  $578,190

  Educational

  $481,047

  Medical

  $497,591

  Retail

  $748,296

Location Insight

City

North Miami

County

Miami-dade

State

Florida

Latitude

25.8974

Longitude

-80.1804

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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