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24549951
24549930

20630 S Dixie Hwy, Miami, FL 33189

RS
FL SL3046910, FL SL -3046910 (+1)
Marcus & Millichap
Listed by Marcus & Millichap
$1,395,000
331 days on market
Updated 6 days ago

South Miami Retail Development - Seller Financing

Details
APN 30-6007-026-0040
Property Type Retail, Land
Sub Type Commercial
NOI $187,500
Tenancy Vacant
Lease Type NNN
Pro-Forma Cap Rate 7.00%
Acreage 0.440
Zoning CRMUC- Cutler Ridge Urban Center
Parking Spaces 15 spaces

Retail | 0.00% CAP

Marketing description

The property at 20630 S Dixie Hwy, Miami, FL 33189 is a prime commercial parcel located in the heart of Cutler Bay at the signalized intersection of US-1 and SW 112th Avenue. The site encompasses 19,297 square feet with approximately 360 feet of frontage on South Dixie Highway and a depth of just over 48 feet, offering excellent visibility and accessibility. It is bordered at the rear by the South Dade Transitway, further enhancing its connectivity. The property is strategically positioned next to Target and across from Southland Mall, which is currently undergoing a $1.5 billion transformation into the Southplace City Center—a major mixed-use development poised to reshape the local landscape. The parcel includes two easements: a Target pylon sign easement on the north end of the lot operated by Dayton Hudson Corp., and a 99-year billboard easement (from 2014) on the southwest corner. These easements have been fully accounted for in a conceptual site design that allows for the development of a 3,750-square-foot strip center with 15 surface parking spaces, making efficient use of the buildable area between them. Multiple tenants have expressed interest in this site, which benefits from flexible zoning, though a handful of use restrictions are in place to avoid direct competition with Target. This high-traffic location—51,500 daily vehicles on US-1 and 37,500 on SW 112th Ave—is surrounded by established national retailers including Target and Publix, and is minutes from dense residential neighborhoods. With exceptional visibility, zoning flexibility, public transit access, and adjacency to one of South Dade’s most significant redevelopment projects, this property presents a unique and valuable opportunity for investors and businesses seeking a foothold in one of Miami’s fastestgrowing commercial corridors

Investment highlights

  • Excellent Frontage on US-1 | 360 Feet
  • Easy Access to Florida Turnpike
  • Surrounded By Major Retail Tenants i.e. Publix, Target
  • Over 50,000 Daily Traffic on US-1
  • Over 37,000 Daily Traffic on SW 112th Ave
  • Southland Mall $1.5 Billion Redevelopment into Southplace City Center
  • Lot Size (SF): 19,297
  • Lot Size Square Feet 19,297
  • Total Buildable Square Footage 3,750
  • Rent Per Foot NNN | Ground Lease $50.00
  • NOI $ 187,500
  • Pro Forma Cap 7% $ 2,678,571

Listing Contacts

RS
FL SL3046910, FL SL -3046910 (+1)
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$187,500.00
$15,625.00/mo

Valuation Metrics

0
DSCR
13.44%
Cap Rate
13.44%
ROI

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