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1888 SW 8th St - Calle Ocho Ground Lease 0.29 Acres of Commercial Land Offered at $4,000,000 in Miami, FL 33135
Investment Highlights
- Prime Tourist Area:
- Excellent Transportation Links:
- Proximity to Domino Park:
Executive Summary
Front-row location on Calle Ocho (SW 8th St) in Little Havana’s retail/cultural corridor—two blocks from Domino Park—with exceptional visibility, transit access, and year-round tourist + local foot traffic.
Transit at your door
MDT Route 8 runs along SW 8th St connecting West Kendall/Westchester to Brickell Metrorail/Metromover; high-frequency local service, 7 days/week.
Miami-Dade County
City of Miami Free Trolley (Little Havana Route) links Little Havana to Brickell Metrorail/Metromover, cultural sites, and schools; hours: Mon–Sat 6:30 AM–11:00 PM; Sun 8:00 AM–8:00 PM.
City of Miami
Official Little Havana Trolley Map available (stop coverage along SW 8th/Flagler).
City of Miami
Zoning Snapshot (T6-8-O)
Miami 21 — Urban Core Zone permits a broad mix of high-intensity uses (residential, lodging, office, retail/restaurant, entertainment, civic) with urban, pedestrian-oriented frontage. Typical standards include multi-story massing set close to the frontage with frequent doors/windows to activate the street. (Refer to Miami 21, Article 4; verify project-specific metrics during due diligence.)
City of Miami
What can be done?
Min height: 2 stories
Max height: 8 stories
“Benefit height”: 4 stories (program-dependent; confirm via Miami 21 bonuses/administrative procedures for your sub-zone).
(Always confirm FAR/lot coverage, parking ratios, frontage type, and any special overlays with the City’s zoning atlas.)
map.gridics.com
Right-fit programs to explore (illustrative):
Mixed-use: ground-floor restaurant/retail + 4–8 stories multifamily/extended-stay or office above
Hospitality: boutique hotel/inn leveraging cultural tourism + trolley/Metro connectivity
Medical/office: neighborhood clinic, co-working, or creative office over activated retail
Neighborhood & Demand Drivers (33135)
Population: ~35,053 (ACS 2023 5-yr); density ~16,482/sq mi.
Median household income: $37,757 (ACS 2023).
Census Reporter
(Good fit for value-oriented F&B and service retail; strong worker/tourist daytime population layers add spending power.)
Market Analysis attached to this advertising
Retail / Restaurant Leasing
Recent Little Havana / W. Flagler asking rents commonly ~$35–$40/SF/YR NNN based on active listings (e.g., $40/SF at 1201–1223 W Flagler; $35/SF nearby garage retail). Use as a range marker for underwriting first-floor retail.
LoopNet
Wider submarket shows a broad band of retail ask rates (LoopNet aggregate view shows listings from the mid-teens to high-$30s+ depending on inline vs. corner, condition, and co-tenancy).
A nearby strip center listing in Little Havana marketed with below-market $~14/SF rents and cap ~6.5% indicates rent-growth potential as older stock resets to corridor averages. (Use only as directional context—property types, condition, and tenancy vary.)
thedelarosateam.com
Access / Traffic
SW 8th St (US-41) is a principal urban arterial. FDOT Traffic Online provides segment-level AADT—pull the count for the SW 8th @ ~SW 19th Ave segment during due diligence to support signage and drive-by exposure claims.
tdaappsprod.dot.state.fl.us
+2
gis-fdot.opendata.arcgis.com
+2
Transit & Customer Capture
Route 8 (83 stops end-to-end) funnels riders to Brickell Station, creating reliable footfall for QSR/coffee and daily-needs retail.
Moovit
Free Trolley lowers friction for visitors and employees (no fare, frequent headways), supports mode-shift away from limited on-site parking, and extends catchment to Brickell, Flagler, Jose Martí/Domino Park.
City of Miami
Why 1888 SW 8th St Works
Brand-name visibility on Miami’s most storied corridor (Calle Ocho).
Transit-rich, walkable front door (bus + free trolley + quick link to rail).
Miami-Dade County
Flexible T6-8-O envelope to tailor a single-parcel development: retail/restaurant at grade + residential/office/hospitality above.
codehub.gridics.com
Process Notes / Next Steps
Confirm parcel-specific metrics in the Miami Zoning Atlas (frontage type, parking ratios, bonuses, any special overlays).
map.gridics.com
Pull FDOT AADT for the exact segment, and capture Route 8 stop placement + trolley stop map for the OM appendix.
tdaappsprod.dot.state.fl.us
Refresh rent comps within a 1-mile radius (Calle Ocho & W. Flagler) at LOI stage to price NNN ask by frontage/condition.
Disclaimers
Prepared by Alejandro Farias, Sigma Real Estate & Investments. Information is preliminary and subject to independent verification; agent/representatives make no warranties and assume no liability for errors/omissions or status changes. Consult legal/tax/land-use professionals; rely on updated city records and surveys. Confidential; distribution only for evaluation of this opportunity.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
1 Lot Available
Lot
| Price | $4,000,000 | Lot Size | 0.29 AC |
| Price Per AC | $13,831,258.64 |
| Price | $4,000,000 |
| Price Per AC | $13,831,258.64 |
| Lot Size | 0.29 AC |
Corner lot on iconic Calle Ocho with prime visibility, direct transit access, and high tourist and local foot traffic—ideal for retail, restaurant, or mixed-use development.
Description
Permitted Uses & Zoning Flexibility (T6-8-O) The property benefits from T6-8-O Urban Core zoning, allowing for a wide range of high-density residential, commercial, and mixed-use applications. Hospitality & Lodging Ideal for boutique hospitality concepts, including bed & breakfasts, inns, or hotels, catering to the constant flow of tourism along Calle Ocho. Office & Professional Use Supports general office, medical office, and modern co-working environments, well-suited for businesses seeking a central and culturally active location. Retail & Commercial Highly favorable for restaurants, cafés, entertainment venues, and retail concepts that can capitalize on the heavy pedestrian traffic and visibility along SW 8th Street. Civic & Institutional Allows for community-oriented uses such as educational centers, recreational facilities, gyms, religious institutions, and assembly spaces, adding long-term flexibility to the site. Development Potential This corner parcel offers a rare opportunity to develop within one of Miami’s most active urban corridors. Mixed-Use Development The most natural fit for the site — ground-floor retail or restaurant space activated by street traffic, with residential, office, or hospitality uses above. The zoning supports vertical development, allowing for efficient density and strong long-term value. Hospitality Concept Given the site’s proximity to Domino Park and its location on Calle Ocho, a boutique hotel or lifestyle lodging concept would be well positioned to capture tourism demand. Retail / Flagship Location The corner exposure creates an ideal setting for a flagship restaurant or branded retail concept looking for visibility and consistent foot traffic. Site Characteristics Corner Exposure on Calle Ocho Strong frontage and visibility on one of Miami’s most recognizable and active streets, offering constant exposure to both local traffic and visitors. Walkable Urban Fabric Located within a dense network of small blocks with wide sidewalks, promoting pedestrian activity and street-level engagement. Street-Oriented Design Environment Buildings in the area are typically built close to the frontage with frequent entrances and transparent façades, encouraging retail activation and accessibility. Overall Positioning This is not just a vacant parcel — it is a high-visibility corner in the core of Little Havana, with flexible zoning, strong fundamentals, and multiple viable development paths. Whether for a mixed-use project, hospitality concept, or retail-driven investment, the site offers both immediate presence and long-term upside.
Property Taxes
| Parcel Number | 01-4110-063-2940 | Total Assessment | $1,574,625 |
| Land Assessment | $1,574,625 | Annual Taxes | ($1) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Presented by
Viva Investment
1888 SW 8th St - Calle Ocho Ground Lease
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