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Brickell Connecting Mixed Use Building 440 SW 8th St 4,176 SF 100% Leased Retail Building Miami, FL 33130 $5,000,000 ($1,197.32/SF)
Investment Highlights
- 8 Street Frontage
- Value Add
- Strong Visibility and Traffic Corridor
- Brickell Adjacent
- Redevelopment Potential
- Clear Path to Higher Returns
Executive Summary
Mixed Use West Brickell Investment Opportunity. In the shadow of American’s fastest growing CBD and on obvious path of development, this property provides a certain path of value and income growth with a redevelopment opportunity at exit. Currently there is a single restaurant tenant on the ground floor, housed in a fully built-out kitchen with additional working commissary kitchen; and on 2nd floor there is are two residential units. All spaces are below rent but the residential can be brought to market immediately and the restaurant space by early 2027.
T-6-8-O zoning allows up to 24 units and 8 stories.
T-6-8-O zoning allows up to 24 units and 8 stories.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,176 SF
Building Class
C
Year Built
1980
Price
$5,000,000
Price Per SF
$1,197.32
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.16 AC
Zoning
T 6-8-O - Zoning is mixed use Building. Residential, Multi Family and Retail
Parking
8 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Fenced Lot
- Air Conditioning
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-0206-000-1060 | Improvements Assessment | $207,948 |
| Land Assessment | $945,000 | Total Assessment | $1,152,948 |
Property Taxes
Parcel Number
01-0206-000-1060
Land Assessment
$945,000
Improvements Assessment
$207,948
Total Assessment
$1,152,948
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Brickell Connecting Mixed Use Building | 440 SW 8th St
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