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33455813
33455810

18356 W Dixie Hwy, Miami, FL 33160

GG
0477076
LoKation Real Estate
Listed by LoKation Real Estate
$7,500,000
1490 days on market
Updated 1 day ago

18400 W Dixie Hwy

Details
Property Type Mixed Use, Multifamily (+2)
Sub Type Apartment Building, Auto Shop (+1)
Square Footage 11,000
Cap Rate 3.73%
NOI $280,000
Occupancy 100%
Lease Type NN+
Pro-Forma Cap Rate 3.95%
Pro-Forma NOI $296,000
Price per SqFt $682
Year Built 1971
Buildings 4
Stories 2
Acreage 33000.000
Investment Type Redevelopment
Ground Lease No

Mixed Use | 3.73% CAP | 11,000 SqFt

Marketing description

Warehouse/development site available with no long term leases. Zoning is 15 stories and 125 units/acre Mixed-Use Development parcel on a 0.76 acre lot located on the corner of W Dixie Hwy and NE 184th Ter 200 feet of direct frontage along West Dixie Hwy - less than a mile from the new Brightline Rail Station. Proforma income $296K The property is located in the Ojus Urban Area District (OUAD) Mixed-Use Corridor (MC) and offers an excellent opportunity to redevelop with a current maximum building height of 15 stories and 125 units per acre. The site includes 4 existing buildings totaling 11,127 SF and a cell tower which provides excellent passive income (currently $5,100/month) with tenant 5 year options in 2023 and 2028 (15% increases) . Adjacent to the City of Aventura

Investment highlights

Liberal zoning can build 15 stories...close to Brightline, Aventura mall in booming Ojus.

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Listing Contacts

GG
0477076
LoKation Real Estate
Listed by LoKation Real Estate

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$280,000.00
$23,333.33/mo

Valuation Metrics

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DSCR
3.73%
Cap Rate
3.73%
ROI

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