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Multi Family - for Sale

7406 SW 8TH ST, MIAMI, FL 33144

Asking Price$3,000,000

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  • Lot size 12115sqft
  • Taxes $16,303
  • Year Built 1954
  • Days on market:

    78 day(s)
  • Original Price:

    $3,000,000
  • Tax Legal Description:

    MIAMI GATEWAY RESUB PB 49 77 E1/2 LOT 13 BLK 5 LOT SIZE 110.14 X 110 OR 19299-3819 0900 1
  • Property Type:

    Multi Family
  • Special Listing Conditions:

    Sale

Description

$3,000,000

Calle ocho gateway retail/office building with redevelopment potential. current 6,137sf building with two tenants, sitting on 12,111 sqft of bu-2 zoning which with the newly approved live local bill can suit for up to 250 unit per acre with additional mixed-uses of retail, office, hotel and more. the property is currently generating over $7k month generating significant upside. calle ocho is centric to all major employment centers of miami, with great transit connectivity, neighborhood walkability, and an inviting and rich local culture that makes the neighborhood an amenity. the area is booming with new residential developments bringing more people to an already dense population district and retailers coming in aggressively following their consumers.

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