1923 SW 8th St
Miami, FL 33135
Calle Ocho Development Site · Land For Sale
·
1.00 AC
INVESTMENT HIGHLIGHTS
- Prime Calle Ocho Development Site
- Retail complex producing $414,000
- Live Local High Density Advantage
- Build up to 117 Units or 234 Hotel Keys
- 34,227sf of T6-8-O Land
PROPERTY FACTS
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.00 AC |
| Zoning | 6100 - 150 Units per acre |
DESCRIPTION
Unique Calle Ocho Covered Land Play. Retail complex producing $414,000 in income with excess land still to be rented, on 34,227sf of T6-8-O land. Land by right allows for 117 units, or 234 units if taping into affordable density bonuses or going for hospitality uses, mixed with retail, office, and more. This prime development site fronts the new 320 unit luxury In-Town , across from 244 unit Altis Little Havana, and other upcoming developments. but with recently passed Live-Local legislation, height can be raised to over 20 stories and unit counts can be raised to as many units as the site can hold, by reserving 40% of new units to 120% AMI, which is near market rents. Little Havana is centric to all major employments centers of Miami, with great transit connectivity, neighborhood walkability, and an inviting and rich local culture that makes the neighborhood an amenity.
PROPERTY TAXES
| Parcel Number | 01-4103-057-0010 | Improvements Assessment | $240,008 |
| Land Assessment | $1,161,000 | Total Assessment | $1,401,008 |
