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The subject property is a freestanding industrial/retail flex building consisting of 2,969 square feet of usable space situated on a 7,083 square foot lot located directly on North Dixie Hwy in East Hollywood, three blocks south of Taft Street. The property is located in desirable DH-3 zoning – Dixie Highway High Intensity Mixed—Use District Uses, which allows for most retail and commercial uses, including automotive. The existing property use is Light Manufacturing. The property is currently vacant and an investor can tenant this property after closing. Fair market rent $27.13 p/SF on a triple net basis. This rate will provide an investor with $68,791 net income, which would yield a market capitalization rate of 7.24% at full asking price.
Listed by John DeMarco, RE/MAX 5 Star Realty

Property Details of 1406 N Dixie Highway

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The multiple listing information is provided by Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2023 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Data last updated on December 10, 2023

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