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Commercial - SUNSET HEIGHTS for Sale

7290 SW 8TH ST, MIAMI, FL 33144

Asking Price$2,500,000

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  • Lot size 10450sqft
  • Taxes $10,708
  • Days on market:

    25 day(s)
  • Original Price:

    $2,500,000
  • Tax Legal Description:

    SUNSET HEIGHTS PB 46-74 ALL LOT 21 & W23.73FT OF LOT 20 BLK 2 LOT SIZE 10450 SQUARE FEET OR 20659-3667 0802 4
  • Tax Year:

    2022
  • Property Type:

    Commercial
  • Waterfrontage (sqft):

    105
  • Lot Features:

    City Location Corner Lot Near Airport Less Than 1 Acre

Description

$2,500,000

Redevelopment opportunity. spanning 2,988sf, this freestanding building sits on a spacious 10,450sf lot with prime location on the corner of 8th street & sw 73rd ave offering high traffic visibility. built in 1953. presently operating as holiday motel. generated a monthly revenue of over $10k in 2022. flexible bu-2 zoning designation, allowing a wide range of redevelopment possibilities, such as retail stores, restaurants, offices, banks, hotels, & more. in some cases, mixed-use development is also possible. buyers should consult with experts to understand specific limitations & possibilities for this lot. located minutes away from mia. easy access to the sr-826 & sr-836. land also available for lease at $150k/year. owner open to a long-term land lease.

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