Historic Ball & Chain Building-Little Havana | 1501 SW 8th St
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Historic Ball & Chain Building-Little Havana 1501 SW 8th St
9,180 SF 100% Leased Retail Building Miami, FL 33135 $8,750,000 ($953/SF)
Investment Highlights
- Rare opportunity to acquire this Little Havana Historic Landmark which is located in the heart of the Famous Entertainment District of "Calle Ocho"
- Co-tenants include Azucar Ice Cream, Little Havana Cigar, and Salsa Art Dance Studio
- Centrally located in the City of Miami between Coral Gables, Brickell, and the Health District - 50,000 Vehicles Per day
- New long-term lease to be signed with the “World Famous” Ball & Chain Jazz Bar and Restaurant upon the closing
- Immediate upside in 2nd floor space of 2,500 SF, and long-term upside in rents in the ground floor spaces
Executive Summary
BGRS Commercial Real Estate Advisory and Union Street Partners are pleased to present a rare opportunity to acquire a Historic Landmark that is the Home of the “World Famous” Ball & Chain Jazz Bar and Restaurant, the Little Havana Cigar Company, a Salsa Dance Studio, and the Famous Azucar Ice Cream shop all located 1501 SW 8 Street in the Entertainment District of Little Havana (Miami), FL. This is a rare opportunity to acquire not only a piece of Miami History, but also real estate in one of the most sought after retail blocks in South Florida.
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Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
9,180 SF
Building Class
C
Year Built/Renovated
1926/2007
Price
$8,750,000
Price Per SF
$953
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.73
Land Acres
0.29 AC
Zoning
T6-8 O
Frontage
Amenities
- Signage
Walk Score ®
Walker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 01-4102-006-6210 | Improvements Assessment | $755,740 |
Land Assessment | $1,562,500 | Total Assessment | $2,318,240 |
PROPERTY TAXES
Parcel Number
01-4102-006-6210
Land Assessment
$1,562,500
Improvements Assessment
$755,740
Total Assessment
$2,318,240
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Historic Ball & Chain Building-Little Havana | 1501 SW 8th St
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