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901 SW 8th St - MIXED-USE OPPORTUNITY DEVELOPMENT
1.42 Acres of Commercial Land Offered at $17,200,000 in Miami, FL 33130
Investment Highlights
- On major transit corridor
- Within minutes to Miami International Airport
Executive Summary
destination centered around Calle Ocho, a corridor lined with Latin-inspired bakeries, restaurants and art galleries setting it as a unique destination within the hottest markets in Miami Dade. Demand for residential, and short-term rental units in this area has significantly benefit for Little Havana as a unique destination for leisure, which shows with more than projects of 2,000+ units currently under development
Property Facts
| Price | $17,200,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.42 AC |
| Price | $17,200,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.42 AC |
1 Lot Available
Lot
| Price | $17,200,000 | Lot Size | 1.42 AC |
| Price Per AC | $12,147,476.01 |
| Price | $17,200,000 |
| Price Per AC | $12,147,476.01 |
| Lot Size | 1.42 AC |
The site consist of 54,400 SF zoned T6-8-O & 7,278 SF zoned T5-L which allows a developer to build a tower that could rise up to 12 stories and include up to 198 residential units or 396 hotel units, with 272,000 Gross SF
Description
The property is uniquely located at the heart of Little Havana, north of 8th Street and next to SW 9th Avenue, 6 minutes’ drive to Brickell attractions, 8 minutes’ drive to Coral Way, also provides an easy access to Downtown. Miami Urban’s core has become a 24/7 location than enables people to live, work and play. The land consists of 54,400 SF zoned T6-8-O and 7,278 SF zoned T5-L.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $893,541 | |
| Land Assessment | $6,800,000 | Total Assessment | $8,189,934 |
PROPERTY TAXES
zoning
| Zoning Code | T6-8 O- T5-L (54,400 Sq. Ft zoned T6-8-O & 7,278 Sq Ft zoned T5-L) |
| T6-8 O- T5-L (54,400 Sq. Ft zoned T6-8-O & 7,278 Sq Ft zoned T5-L) |
Contacts
-
Alexandra Escudero -
Alfonso Jaramillo -
Fortune Christie's International Real Estate
Presented by
901 SW 8th St - MIXED-USE OPPORTUNITY DEVELOPMENT
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