18240 S Dixie Hwy

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18240 S Dixie Hwy

Miami, FL 33157
Asking Price
$9.06M
Asset Type
Office
Class
Class B

What's Special

18240 S Dixie Hwy is situated in the south Miami area, fronting a major north-south transit corridor. The property is located within a commercial district characterized by a mix of retail centers, medical offices, and residential communities. Nearby amenities include various dining options, fitness centers, and big-box retailers nestled in the surrounding Cutler Bay and Palmetto Bay neighborhoods. The location offers direct accessibility via South Dixie Highway and is positioned near the Florida Turnpike, facilitating connections to the broader Miami-Dade region. Public transportation is available through local bus routes and the South Dade Transitway. The property is suited for professional services, medical administrative offices, or localized corporate headquarters. The layout and location align with the needs of established firms seeking visibility along a high-traffic thoroughfare. Typical tenants for this asset class often include legal practices, insurance agencies, accounting firms, and healthcare-related administrative services. The surrounding demographic profile supports businesses that cater to sub-urban residential populations while maintaining proximity to key regional infrastructure. This office space provides an functional environment for organizations requiring a professional presence in the South Miami market.

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NOI
$80,000
Cap Rate
0.88%
DSCR
0.15
Underwater
Cash-on-Cash
-16.85%
Monthly Payment
$44,818.989
Annual Cash Flow
$-457,827.871

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