938-950 938-950 Southwest 8th Street St | Miami, FL 33130
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938-950 938-950 Southwest 8th Street St
Miami, FL 33130
Calle 8, 2nd Generation Restaurant & Developm · Land For Sale · 0.47 AC
Investment Highlights
- 20,506 SF (.47 Acres) Two Adjacent Lots Zoned T6-8-O Consisting of a 14,500 SF Vacant Lot + 2,238 SF 2nd Generation Restaurant
- 1 Mile from Brickell City Centre and The East Hotel
- Estimated 3 Million Tourists Visit Little Havana Annually Making It One of The Best Tourists Attractions in All of Miami
- 70 Buildable Units or 140 Buildable Hotel Keys
- Population of 290,000 in a 3-mile Radius
- Highly Desirable Area in The Heart of Little Havana
Executive Summary
Marcus & Millichap Is Pleased to Present The Sale of 938-950 SW 8th St, Miami, FL, 33130. The Subject Property Consists of Two Properties Both Zoned T6-8-O; A Second-generation Restaurant and a Parcel of Land Directly Adjacent To Each Other. Each Property Can Be Sold Separately for $2,600,000 or Together For $5,200,000.
The Second-generation Restaurant Is Situated on The Corner of SW 8th Street and SW 9th Court. This Corner Lot Is 6,004 Square Feet With 2,238 Square Feet of Gross Leasable Area. The Vacant Parcel of Land Consists of 14,500 Square Feet Which Equates To 49 Buildable Units or 98 Buildable Hotel Keys.
Together, These Properties Are Situated on 20,504 Square Feet Allowing for 70 Buildable Units or 140 Buildable Hotel Keys.
The Property Is Located on SW 8th Street, One of Miami’s Main Arteries And One of Little Havana’s Busiest Street with Excess of 23,500 Vehicles Per Day.
The Subject Property Is Adjacent To Little Havana’s Art & Entertainment District and Is Centrally Located Near Coral Gables, Brickell, Coconut Grove, and Downtown Miami. It Is 1 Mile from Brickell City Center and East Hotel and Is Walking Distance from The Heart of Calle Ocho and Famous Locations Like Domino Park, Café La Trova, and Ball & Chain Nightclub. An Estimated 3 Million Tourists Visit Little Havana Annually Making It One of The Biggest Tourists Attractions In All of Miami.
The Second-generation Restaurant Is Situated on The Corner of SW 8th Street and SW 9th Court. This Corner Lot Is 6,004 Square Feet With 2,238 Square Feet of Gross Leasable Area. The Vacant Parcel of Land Consists of 14,500 Square Feet Which Equates To 49 Buildable Units or 98 Buildable Hotel Keys.
Together, These Properties Are Situated on 20,504 Square Feet Allowing for 70 Buildable Units or 140 Buildable Hotel Keys.
The Property Is Located on SW 8th Street, One of Miami’s Main Arteries And One of Little Havana’s Busiest Street with Excess of 23,500 Vehicles Per Day.
The Subject Property Is Adjacent To Little Havana’s Art & Entertainment District and Is Centrally Located Near Coral Gables, Brickell, Coconut Grove, and Downtown Miami. It Is 1 Mile from Brickell City Center and East Hotel and Is Walking Distance from The Heart of Calle Ocho and Famous Locations Like Domino Park, Café La Trova, and Ball & Chain Nightclub. An Estimated 3 Million Tourists Visit Little Havana Annually Making It One of The Biggest Tourists Attractions In All of Miami.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.47 AC |
| Property Type | Land | Cross Streets | SW 9th Ct |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.47 AC |
| Cross Streets | SW 9th Ct |
1 Lot Available
Lot
| Price | $5,200,000 | Lot Size | 0.47 AC |
| Price Per AC | $11,047,212 |
| Price | $5,200,000 |
| Price Per AC | $11,047,212 |
| Lot Size | 0.47 AC |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $110,482 | |
| Land Assessment | $2,563,000 | Total Assessment | $2,673,482 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,563,000
Improvements Assessment
$110,482
Total Assessment
$2,673,482
zoning
| Zoning Code | T6-8-O (Mixed-Use) |
| T6-8-O (Mixed-Use) |
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