7400-7410 SW 8th St | Miami, FL 33144
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7400-7410 SW 8th St
Miami, FL 33144
Calle Ocho/Palmetto Retail Site · Retail Property For Sale
Investment Highlights
- Prime Calle Ocho Site
- Land Covered play
- Right off the 826 Palmetto Expressway
- Future Development allows up to 250 units per acre
Executive Summary
Calle Ocho Gateway Retail/Office Building with ReDevelopment Potential. Current 6,137sf building with two tenants, sitting on 12,111 Sqft of BU-2 Zoning which with the newly approved Live Local Bill can suit for up to 250 unit per acre with additional mixed-uses of retail, office, hotel and more. The property is currently generating over $7k month generating significant upside. Calle Ocho is centric to all major employment centers of Miami, with great transit connectivity, neighborhood walkability, and an inviting and rich local culture that makes the neighborhood an amenity. The area is booming with new residential developments bringing more people to an already dense population district and retailers coming in aggressively following their consumers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,555 SF
Building Class
C
Year Built/Renovated
1954/2018
Price
£2,376,238
Price Per SF
£428
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.46
Lot Size
0.28 AC
Zoning
BU-2 - 250 units per acre
Parking
16 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
111 ft on 8TH
Amenities
- Bus Route
- Pylon Sign
- Signage
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 30-4011-023-0130 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £930,184 |
PROPERTY TAXES
Parcel Number
30-4011-023-0130
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£930,184
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