14227-14229 S Dixie Hwy
Closed14227-14229 S Dixie Hwy, Miami, FL 33176
Property type
Retail
Building size
Rentable area
5,304 SF
Year built
1957
Year renovated
Occupancy
Zoning code
Lot size
0.23 Acres
Sold/status
Sold · Date unknown
Sale price
$1997000
CAP
4.78%
Property description
14227-14229 S Dixie Highway offers the opportunity to acquire a well-located multi-tenant retail property along one of South Miami’s busiest commercial corridors. The property consists of 5,100 square feet and benefits from strong visibility along South Dixie Highway with over 64,500 vehicles passing the site daily. The property is occupied by Miami Wheels, Clippers Barber Shop, and Freeway Insurance, all of which have successfully operated from this location for over 30 years showing commitment and loyalty to the site. The asset offers both an investment and owner-user opportunity. Miami Wheels occupies approximately 50% of the building and is currently on a month-to-month lease, providing flexibility for an owner-user seeking immediate occupancy or an investor looking to reposition the space. All tenants are currently operating under gross leases and paying below-market rents, creating a clear value-add opportunity through future lease rollover, rent increases, and conversion to NNN lease structures. Surrounded by national retailers including Publix, BJ’s Wholesale Club, TJ Maxx, Marshalls, Five Below, CVS, Starbucks, Chase, and Wells Fargo, the property is positioned within an affluent South Miami trade area with average household incomes exceeding $160,000 within a three-mile radius.
Property highlights
- First Time Offered in Over 40 Years
- First time on the market in 40+ years
- Long-term ownership
- Rare South Miami retail offering
- Established Tenant Base
- Miami Wheels, Clippers Barber Shop & Freeway Insurance
- All tenants operating at the property for 30+ years
- Proven occupancy history
- Owner-User Opportunity
- Miami Wheels occupies approximately 50% of the building
- Month-to-month lease
- Immediate occupancy potential
- Value-Add Investment Opportunity
- Well below-market rents
- NNN conversion opportunity
- Mark-to-market upside
- Premier South Miami Location
- Frontage on South Dixie Highway (64,500+ VPD)
- Surrounded by national retailers
- Affluent demographic