13295 Dixie HwyNorth Miami, FL 33161

  • Mixed-use properties
  • 3,792 SF
For Sale
$1,500,000 View listing

Property Details for 13295 Dixie Hwy

Year built
1949
Construction
CONCRETE
Lot size
0.17 AC
Property size (Sq ft)
3,792 SF
Zone code
6600:COMMERCIAL,LIBERAL
Property type
Mixed-use properties
Property subtype
Retail residential properties
APN
06-2229-049-0730
APU
622290490730

Description

This exceptional mixed-use property, located at 13295 W Dixie Hwy in North Miami, Florida, presents a compelling investment opportunity. The 4,067 square foot building sits on a 0.17-acre lot (7,268 sq ft) and features a ground-floor retail storefront and two one-bedroom apartments on the second floor. Currently vacant, the property offers immediate occupancy for an owner-user or significant redevelopment potential. The favorable C-1 zoning allows for a wide range of commercial uses, including the possibility of constructing up to 100 residential units per acre and up to nine stories. This prime corner location on W Dixie Hwy boasts high visibility and accessibility, with an average daily traffic count of 20,500 vehicles. Its proximity to Aventura and Biscayne Boulevard, coupled with the ongoing development of nearby residential projects (such as the Garden Residences and Manor Biscayne Building), underscores the area's rapid growth and increasing desirability. The asking price for this unique asset is $1,500,000. This presents a rare chance to acquire a high-quality property in one of Miami's most dynamic neighborhoods. The zip code is 33161, and the property is situated in Miami-Dade County.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,050,628
    6.5%
    $2,815,964
    7%
    $2,614,824
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,250,298
    Geo Method
    $2,250,298
  • Alternative Use

    Use
    Valuation
    Residential
    $2,815,964
    Hospitality
    $2,579,408
    Educational
    $2,146,038
    Medical
    $2,219,843
    Retail
    $3,338,280
13295 Dixie Hwy, North Miami, Florida

Location Insight

City
North Miami
County
Miami-dade
State
Florida
Latitude
25.8977
Longitude
-80.1802
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
$6,578
-
-
$337,920
-
$363,400
$191,778
$555,178

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