13700 11th Ave, North Miami, FL 33161-3808

This exceptional two-story retail building, located at 13700 NE 11th Ave in North Miami, Florida (zip code 33161), presents a compelling investment opportunity. The 16,448 square foot property, built in 1988, sits on a 25,179 square foot lot and boasts 21 units currently at 95% occupancy under a Net Net lease structure with four years remaining on the lease. The building is zoned C-2 and offers ample parking with 49 spaces. Situated on W Dixie Hwy, this prime location benefits from high visibility and significant traffic exposure, averaging 18,900 vehicles daily. The property's strong performance is reflected in its 7.00% cap rate and $4,200,000 asking price. Surrounded by future development projects, this asset offers potential for value enhancement through lease optimization and possible future bonuses related to height and density. The building features a 40-year certification, ensuring long-term stability. This is a rare opportunity to acquire a well-established, multi-tenant retail center in a thriving North Miami location. The property is ideal for investors seeking a stable, high-performing asset with significant upside potential.