20462-20500 Dixie Hwy ,Retail for Sale

20462-20500 Dixie Hwy for Sale

Price $3,500,000.00

• Lot size 26004
• Year Build 1964
• Waterfront
• Zip 33189
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Prime investment opportunity! This fully-leased property at 20462-20500 S Dixie Hwy in Cutler Bay features two buildings: an 8,584 sq. ft. retail strip and a 2,192 sq. ft. freestanding restaurant, situated on a 26,004 sq. ft. lot. Located on the high-traffic US-1, directly across from Southland Mall, this property generates an NOI of $210,000 annually. With excellent value-add and redevelopment potential, this property ideal for investors looking to enhance income streams or explore future development opportunities in a thriving commercial corridor.

7 56 40 .31 AC M/L BEG 411.05FTS OF NW COR OF SW1/4 OF NE1/4 CONT S74.19FT TO NWLY R/W/L OF SR 5 NE300FT NW50FT TO SELY R/W/L OF FEC R/W SW2

Prime investment opportunity! This fully-leased property at 20462-20500 S Dixie Hwy in Cutler Bay features two buildings: an 8,584 sq. ft. retail strip and a 2,192 sq. ft. freestanding restaurant, situated on a 26,004 sq. ft. lot. Located on the high-traffic US-1, directly across from Southland Mall, this property generates an NOI of $210,000 annually. With excellent value-add and redevelopment potential, this property ideal for investors looking to enhance income streams or explore future development opportunities in a thriving commercial corridor.

City:Cutler Bay,List A O R:A-Miami Association of REALTORS,Latitude:25.5764785,List Price:3500000,Listing Id:A11680034,Longitude:-80.3720633,Mls Status:Active,Year Built:1964,Postal Code:33189,Street Name:Dixie Hwy,Coordinates:1:25.5764785,Photos Count:13,Business Type:1:Strip Store,Days On Market:45,Lot Size Units:Square Feet,M I A M I R E_ Area:60,On Market Date:2024-10-21,Parcel Number:36-60-07-000-0051,Property Type:Commercial Sale,Street Number:20462-20500,Public Remarks:Prime investment opportunity! This fully-leased property at 20462-20500 S Dixie Hwy in Cutler Bay features two buildings: an 8,584 sq. ft. retail strip and a 2,192 sq. ft. freestanding restaurant, situated on a 26,004 sq. ft. lot. Located on the high-traffic US-1, directly across from Southland Mall, this property generates an NOI of $210,000 annually. With excellent value-add and redevelopment potential, this property ideal for investors looking to enhance income streams or explore future development opportunities in a thriving commercial corridor.,County Or Parish:Miami-Dade County,List Office Name:APEX Capital Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1214,Property Sub Type:Retail,State Or Province:FL,Street Dir Prefix:S,Unparsed Address:20462-20500 S Dixie Hwy, Cutler Bay FL 33189,Listing Agreement:Exclusive Agency,Building Area Total:10776,Building Area Units:Square Feet,Lot Size Square Feet:26004,M I A M I R E_ For Sale Y N:1,Number Of Buildings:2,Original List Price:3500000,Public Survey Range:60,I D X Participation Y N:1,Syndication Remarks:Prime investment opportunity! This fully-leased property at 20462-20500 S Dixie Hwy in Cutler Bay features two buildings: an 8,584 sq. ft. retail strip and a 2,192 sq. ft. freestanding restaurant, situated on a 26,004 sq. ft. lot. Located on the high-traffic US-1, directly across from Southland Mall, this property generates an NOI of $210,000 annually. With excellent value-add and redevelopment potential, this property ideal for investors looking to enhance income streams or explore future development opportunities in a thriving commercial corridor.,Listing Contract Date:2024-10-21,Originating System I D:miamire,Public Survey Section:7,Street Number Numeric:20462,Tax Legal Description:7 56 40 .31 AC M/L BEG 411.05FTS OF NW COR OF SW1/4 OF NE1/4 CONT S74.19FT TO NWLY R/W/L OF SR 5 NE300FT NW50FT TO SELY R/W/L OF FEC R/W SW2,Public Survey Township:60,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Prime Cutler Bay Investment: Fully Leased Retail Strip and Restaurant,Contract Status Change Date:2024-10-21,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,