938 SW 8th St
Miami, FL 33130
Calle Ocho Development Site · Land For Sale
·
0.33 AC
Investment Highlights
- 14,500 SF Vacant Lot Zoned T6-8-O - Adjacent Property also available (950 SW 8th St)
- 1 Mile from Brickell City Centre and The East Hotel
- Estimated 3 Million Tourists Visit Little Havana Annually Making It One of The Best Tourists Attractions in All of Miami
- 49 Buildable Units or 98 Buildable Hotel Keys -
- Population of 290,000 in a 3-mile Radius
- Highly Desirable Area in the Heart of Little Havana / Calle Ocho
Property Facts
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Lot Size | 0.33 AC |
| Zoning | T6-8-O - Zoning allows for eight story construction, 49 units or 98 Keys by right (without bonuses) | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.33 AC |
| Zoning | T6-8-O - Zoning allows for eight story construction, 49 units or 98 Keys by right (without bonuses) |
Description
Marcus & Millichap Is Pleased to Present The Sale of 938-950 SW 8th St, Miami, FL, 33130. The Subject Property Consists of Two Properties Both Zoned T6-8-O; a Vacant Parcel of Land and A Second-generation Restaurant Directly Adjacent To Each Other. Each Property Can Be Sold Separately for $2,600,000 or Together For $5,200,000. The Vacant Parcel of Land Consists of 14,500 Square Feet Which Equates To 49 Buildable Units or 98 Buildable Hotel Keys. The Second-generation Restaurant Is Situated on The Corner of SW 8th Street and SW 9th Court. This Corner Lot Is 6,004 Square Feet With 2,238 Square Feet of Gross Leasable Area. Together, These Properties Are Situated on 20,504 Square Feet Allowing for 70 Buildable Units or 140 Buildable Hotel Keys. The Property Is Located on SW 8th Street (Calle Ocho), One of Miami’s Main Arteries And Little Havana’s Busiest Street. The Subject Property Is Located in Little Havana’s Art & Entertainment District and Is Centrally Located Near Coral Gables, Brickell, Coconut Grove, and Downtown Miami. It Is exactly 1 Mile from Brickell City Center and East Hotel. Additionally, it Is Walking Distance from The Heart of Calle Ocho and Famous Locations Like Domino Park, Café La Trova (across the street), and Ball & Chain Nightclub. An Estimated 3 Million Tourists Visit Little Havana Annually Making It One of The Biggest Tourists Attractions In All of Miami.
Property Taxes
| Parcel Number | 01-4138-011-0020 | Improvements Assessment | $0 |
| Land Assessment | $1,812,500 | Total Assessment | $1,812,500 |
Property Taxes
