476 8th St ,Retail Space for Sale & Rent

476 8th St for Sale & Rent

Price $2,700,000.00

  • Lot size 7765
  • Year Build 1940
  • Waterfront
  • Zip 33130
  • Style
  • Parking Description
  • Pool Yes
  • Status Active
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Description

The Signature ?El Gato Corner?, is a building on a hard corner fronting the main commercial corridor of historic SW 8th St (Calle Ocho). Positioned between Brickell & Little Havana, this represents a unique opportunity to acquire one of the most prominent corner sites in Little Havana. The building is fully leased to 4 tenants including a Liquor Store, Barber Shop, Church, & Discount Store. An investor can bring rents up to market rents and/or reposition the tenancy & the site has significant redevelopment upside with the ability to add up to 24 residential units or 48 hotel keys with high-performing ground floor retail. Current market rents are averaging $32/SF (NNN) in the immediate surrounding area & rents jump to upwards of $80-100 PSF the closer you are to Brickell Avenue.

CITY OF MIAMI SOUTH PB B-41 LOT 10 LESS ST BLK 60 LOT SIZE 50.000 X 140 OR 17057-2904 0196 1

Corner Lot

The Signature ?El Gato Corner?, is a building on a hard corner fronting the main commercial corridor of historic SW 8th St (Calle Ocho). Positioned between Brickell & Little Havana, this represents a unique opportunity to acquire one of the most prominent corner sites in Little Havana. The building is fully leased to 4 tenants including a Liquor Store, Barber Shop, Church, & Discount Store. An investor can bring rents up to market rents and/or reposition the tenancy & the site has significant redevelopment upside with the ability to add up to 24 residential units or 48 hotel keys with high-performing ground floor retail. Current market rents are averaging $32/SF (NNN) in the immediate surrounding area & rents jump to upwards of $80-100 PSF the closer you are to Brickell Avenue.

City:Miami,Zoning:T-6-8-O,List A O R:A-Miami Association of REALTORS,Latitude:25.7658739,List Price:2700000,Listing Id:A11230644,Longitude:-80.2022824,Mls Status:Active,Year Built:1940,Postal Code:33130,Street Name:8th St,Coordinates:1:25.7658739,Photos Count:19,Days On Market:46,Lot Size Units:Square Feet,On Market Date:2022-06-02,Parcel Number:01-02-06-000-1100,Property Type:Commercial Sale,Street Number:476,Public Remarks:The Signature ?El Gato Corner?, is a building on a hard corner fronting the main commercial corridor of historic SW 8th St (Calle Ocho). Positioned between Brickell & Little Havana, this represents a unique opportunity to acquire one of the most prominent corner sites in Little Havana. The building is fully leased to 4 tenants including a Liquor Store, Barber Shop, Church, & Discount Store. An investor can bring rents up to market rents and/or reposition the tenancy & the site has significant redevelopment upside with the ability to add up to 24 residential units or 48 hotel keys with high-performing ground floor retail. Current market rents are averaging $32/SF (NNN) in the immediate surrounding area & rents jump to upwards of $80-100 PSF the closer you are to Brickell Avenue.,County Or Parish:Miami-Dade County,Expiration Date:2022-12-02,List Office Name:APEX Capital Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2814,State Or Province:FL,Street Dir Prefix:SW,Tax Annual Amount:24091,Unparsed Address:476 SW 8th St, Miami FL 33130,Listing Agreement:Exclusive Agency,Building Area Total:7765,Building Area Units:Square Feet,Lot Size Square Feet:7000,Original List Price:2700000,Documents Available:1:Photos,2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:The Signature ?El Gato Corner?, is a building on a hard corner fronting the main commercial corridor of historic SW 8th St (Calle Ocho). Positioned between Brickell & Little Havana, this represents a unique opportunity to acquire one of the most prominent corner sites in Little Havana. The building is fully leased to 4 tenants including a Liquor Store, Barber Shop, Church, & Discount Store. An investor can bring rents up to market rents and/or reposition the tenancy & the site has significant redevelopment upside with the ability to add up to 24 residential units or 48 hotel keys with high-performing ground floor retail. Current market rents are averaging $32/SF (NNN) in the immediate surrounding area & rents jump to upwards of $80-100 PSF the closer you are to Brickell Avenue.,Listing Contract Date:2022-06-02,Originating System I D:miamire,Street Number Numeric:476,Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 LOT 10 LESS ST BLK 60 LOT SIZE 50.000 X 140 OR 17057-2904 0196 1,Originating System Name:Miami Association of REALTORS?,Contract Status Change Date:2022-06-02,Internet Address Display Y N:1,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,

  • Price $2,700,000.00
  • Price Change: 2022-06-29
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1940
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description
  • Flooring Type Tile
  • Property Type Commercial Sale
  • Status Active
  • Listed 2022-06-29
  • Days on Market 46
  • Furnished
  • City Miami
  • Zip 33130
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 24091
  • Taxes Year