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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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Bar
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
125 FT on Sw 8th Street

Amenities

  • Signage
Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

PNC Bank
Rent-A-Center
Starbucks
Wells Fargo Bank
Chase Bank
Presidente Supermarket
CrossFit
TD Bank
The YMCA
Nathan's Famous-delivery Only

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-4102-006-6210
Land Assessment
$1,562,500
Improvements Assessment
$755,740
Total Assessment
$2,318,240
  • Listing ID: 27355182

  • Date on Market: 12/20/2022

  • Last Updated:

  • Address: 1501 SW 8th St, Miami, FL 33135

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