13255 Dixie HwyNorth Miami, FL 33161

  • Office properties
  • 850 SF
For Sale
$2,000,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
13255 Dixie Hwy, North Miami, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,955
$262,500
$64,204
$326,704
-
$262,500
$64,204
$326,704

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