15150 Dixie Hwy North Miami Beach, FL 33162-6026
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 rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6400:COMMERCIAL,CENTRAL · North Miami Beach, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.