15150 Dixie HwyNorth Miami Beach, FL 33162

Property Details for 15150 Dixie Hwy

Year built

1952

Construction

CONCRETE

Lot size

0.58 AC

Property size (Sq ft)

2,322 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Other automotive properties

APN

07-2216-002-0580

APU

722160020580

Description

This exceptional North Miami Beach commercial property, located at 15150 W Dixie Hwy, presents a unique investment opportunity. The 25,326 square foot site boasts a prime location on West Dixie Highway, experiencing over 17,000 daily vehicle exposures. Currently occupied by a functioning auto repair shop housed in a 3,000+ square foot building, the property offers significant redevelopment potential. The property consists of two buildings, constructed in 1952, and sits on a sizable lot. Its zoning, General Business District (B1 & B2), allows for the construction of a high-rise building up to 15 stories tall. This flexibility opens doors to a wide range of development options, including mixed-use projects incorporating retail, office, and residential spaces, or a modern commercial hub featuring restaurants, pharmacies, and other amenities. The property's strategic location in a high-traffic area of North Miami Beach, combined with its expansive size and flexible zoning, makes it an ideal investment for developers seeking a high-impact project. The asking price is $3,759,000. The property is situated in Miami-Dade County, Florida, zip code 33162.

• CAP approach

  CAP return

  Valuation

  6%

  $2,050,295

  6.5%

  $1,892,580

  7%

  $1,757,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,240,282

  Geo Method

  $2,240,282

• Alternative Use

  Use

  Valuation

  Residential

  $1,596,462

  Hospitality

  $1,462,351

  Educational

  $1,216,659

  Medical

  $1,258,502

  Retail

  $1,892,580

Location Insight

City

North Miami Beach

County

Miami-dade

State

Florida

Latitude

25.916

Longitude

-80.1627

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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