12450 SW 8th St - Auto Repair FOR SALE


Miami, FL 33184- Outer Westchester/Tamiami
$3,312,000 USD
786-306-7259
12450 SW 8th St, Miami, FL for Sale
$3,312,000 USD
Auto Repair - FOR SALE
1/7
null | 5.75% Cap Rate


HIGHLIGHTS

  • Tire Kingdom occupies the majority of the building and has operated at the site since 1987, demonstrating exceptional location commitment.
  • In-place rents are significantly below current market rates, offering near-term upside through lease renegotiation or re-tenanting.
  • Secondary tenant Stop & Go Auto Center has no remaining renewal options, providing flexibility for future repositioning.
  • Positioned directly on SW 8th Street (Tamiami Trail) with over 54,000 vehicles per day — excellent visibility and frontage.
  • Located just 0.5 miles from the Florida Turnpike, offering seamless access to major highways and commuter routes.
  • Over 290,000 residents within a 5-mile radius, with strong household incomes and consistent population growth.

OVERVIEW

Marcus & Millichap is pleased to present 12450 SW 8th Street, Miami, FL — an opportunity to acquire a stabilized retail asset in the heart of West Miami with meaningful upside potential. The property is anchored by Tire Kingdom, which occupies the majority of the building and has operated at the site since 1987, demonstrating long-term tenant commitment and location strength. The second tenant, Stop & Go Auto Center, occupies a smaller portion of the property and has no remaining renewal options, presenting a potential repositioning or re-tenanting opportunity. Strategically located along SW 8th Street (Tamiami Trail) — a major east-west corridor with over 54,000 vehicles per day — the site offers exceptional visibility and access. It is also just 0.5 miles from the Florida Turnpike, providing direct regional connectivity. Importantly, current rents are below market, creating near-term upside through lease renegotiation or tenant turnover. The surrounding area features over 290,000 residents within a 5-mile radius, with strong purchasing power and consistent population growth. With stable in-place cash flow, immediate value-add potential, and a high-traffic location, 12450 SW 8th Street offers investors an ideal blend of income durability and long-term upside in one of Miami’s most active submarkets.

FOR SALE DETAILS

PRICE

$3,312,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tire Kingdom & Stop & Go Auto | Miami

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,047 SF

ZONING

BU-1A

APN/PARCEL ID

30-4901-029-0050

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.