1888 SW 8th St - Commercial LAND FOR SALE


Miami, FL 33135- Coral Way12,598 SF
$4,000,000 USD
305-498-1686
1888 SW 8th St, Miami, FL for Sale
$4,000,000 USD
Commercial LAND - FOR SALE
1/21
12,598 SF

1888 SW 8th St
Miami, FL 33135
Coral Way


HIGHLIGHTS

  • Prime Tourist Area:
  • Proximity to Domino Park:
  • Excellent Transportation Links:

OVERVIEW

Property Overview Front-row location on Calle Ocho (SW 8th St) in Little Havana’s retail/cultural corridor—two blocks from Domino Park—with exceptional visibility, transit access, and year-round tourist + local foot traffic. Transit at your door MDT Route 8 runs along SW 8th St connecting West Kendall/Westchester to Brickell Metrorail/Metromover; high-frequency local service, 7 days/week. Miami-Dade County City of Miami Free Trolley (Little Havana Route) links Little Havana to Brickell Metrorail/Metromover, cultural sites, and schools; hours: Mon–Sat 6:30 AM–11:00 PM; Sun 8:00 AM–8:00 PM. City of Miami Official Little Havana Trolley Map available (stop coverage along SW 8th/Flagler). City of Miami Zoning Snapshot (T6-8-O) Miami 21 — Urban Core Zone permits a broad mix of high-intensity uses (residential, lodging, office, retail/restaurant, entertainment, civic) with urban, pedestrian-oriented frontage. Typical standards include multi-story massing set close to the frontage with frequent doors/windows to activate the street. (Refer to Miami 21, Article 4; verify project-specific metrics during due diligence.) City of Miami What can be done? Min height: 2 stories Max height: 8 stories “Benefit height”: 4 stories (program-dependent; confirm via Miami 21 bonuses/administrative procedures for your sub-zone). (Always confirm FAR/lot coverage, parking ratios, frontage type, and any special overlays with the City’s zoning atlas.) map.gridics.com Right-fit programs to explore (illustrative): Mixed-use: ground-floor restaurant/retail + 4–8 stories multifamily/extended-stay or office above Hospitality: boutique hotel/inn leveraging cultural tourism + trolley/Metro connectivity Medical/office: neighborhood clinic, co-working, or creative office over activated retail Neighborhood & Demand Drivers (33135) Population: ~35,053 (ACS 2023 5-yr); density ~16,482/sq mi. Median household income: $37,757 (ACS 2023). Census Reporter (Good fit for value-oriented F&B and service retail; strong worker/tourist daytime population layers add spending power.) Market Analysis attached to this advertising Retail / Restaurant Leasing Recent Little Havana / W. Flagler asking rents commonly ~$35–$40/SF/YR NNN based on active listings (e.g., $40/SF at 1201–1223 W Flagler; $35/SF nearby garage retail). Use as a range marker for underwriting first-floor retail. LoopNet Wider submarket shows a broad band of retail ask rates (LoopNet aggregate view shows listings from the mid-teens to high-$30s+ depending on inline vs. corner, condition, and co-tenancy). A nearby strip center listing in Little Havana marketed with below-market $~14/SF rents and cap ~6.5% indicates rent-growth potential as older stock resets to corridor averages. (Use only as directional context—property types, condition, and tenancy vary.) thedelarosateam.com Access / Traffic SW 8th St (US-41) is a principal urban arterial. FDOT Traffic Online provides segment-level AADT—pull the count for the SW 8th @ ~SW 19th Ave segment during due diligence to support signage and drive-by exposure claims. tdaappsprod.dot.state.fl.us +2 gis-fdot.opendata.arcgis.com +2 Transit & Customer Capture Route 8 (83 stops end-to-end) funnels riders to Brickell Station, creating reliable footfall for QSR/coffee and daily-needs retail. Moovit Free Trolley lowers friction for visitors and employees (no fare, frequent headways), supports mode-shift away from limited on-site parking, and extends catchment to Brickell, Flagler, Jose Martí/Domino Park. City of Miami Why 1888 SW 8th St Works Brand-name visibility on Miami’s most storied corridor (Calle Ocho). Transit-rich, walkable front door (bus + free trolley + quick link to rail). Miami-Dade County Flexible T6-8-O envelope to tailor a single-parcel development: retail/restaurant at grade + residential/office/hospitality above. codehub.gridics.com Process Notes / Next Steps Confirm parcel-specific metrics in the Miami Zoning Atlas (frontage type, parking ratios, bonuses, any special overlays). map.gridics.com Pull FDOT AADT for the exact segment, and capture Route 8 stop placement + trolley stop map for the OM appendix. tdaappsprod.dot.state.fl.us Refresh rent comps within a 1-mile radius (Calle Ocho & W. Flagler) at LOI stage to price NNN ask by frontage/condition. Disclaimers Prepared by Alejandro Farias, Sigma Real Estate & Investments. Information is preliminary and subject to independent verification; agent/representatives make no warranties and assume no liability for errors/omissions or status changes. Consult legal/tax/land-use professionals; rely on updated city records and surveys. Confidential; distribution only for evaluation of this opportunity.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/ACRE

$13,831,880/AC

PRICE/SF

$318 USD /SF

# OF LOTS

-

ON GROUND LEASE

Yes

LAND DETAILS

PROPERTY NAME

Calle Ocho Ground Lease

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Dorms, Apartment Units - Senior, Auto Dealership, Auto Repair, Bank, Bar, Car Wash, Contractor Storage Yard, Convenience Store, Day Care Center, Department Store, Drug Store, Fast Food, Food Processing, Funeral Home, General Freestanding, Health Care, Health Club, Hold for Development, Hold for Investment, Hotel, Medical, Motel, Open Space, Parking Garage, Parking Lot, Police/Fire Station, Post Office, Public Library, Rehabilitation Center, Restaurant, Retail Warehouse, Schools, Self-Storage, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Supermarket, Veterinarian/Kennel

LAND ACRES

0.29 AC

LAND SF

12,597 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

T6-8-O

APN/PARCEL ID

01-4110-063-2940

ASK ABOUT THIS PROPERTY

Alejandro FariasViva InvestmentMore Info
305-498-1686

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Alejandro FariasViva InvestmentMore Info
305-498-1686

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