2268 SW 8th St - Storefront Retail/Residential FOR SALE


Miami, FL 33135- Coral Way
$4,490,000 USD
305-281-4469
2268 SW 8th St, Miami, FL for Sale
$4,490,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 4.9% Cap Rate

2268 SW 8th St
Miami, FL 33135
Coral Way


HIGHLIGHTS

  • Rare Opportunity to Acquire a Gut Renovated Mixed-Use Building on World Famous Calle Ocho
  • Turnkey Property Gut Renovated in 2017
  • 2 Retail Bays Averaging 1,300 Sq Ft Each Featuring Individual Water and Electric Meters
  • 6 Fully Renovated Apartment Units & Favorable Unit Mix 4 one-bedroom and 2 two-bedroom Units
  • All Units Feature Central A/Cs, Dishwashers, stainless steel appliances
  • 40/50 Year Recertification Completed in 2017 (Next Due in 2027)

OVERVIEW

PROPERTY OVERVIEW The Porosoff Group at Compass Commercial, as exclusive listing agent, is pleased to offer for sale 2268 SW 8th Street, a mixed-use 2 Retail and 6-unit apartment building located in the highly sought-after Little Havana neighborhood in the City of Miami. Little Havana 2268 SW 8th Street is located in the Little Havana section of Miami, a short distance to Brickell, the most important financial and commercial district in South Florida. Home to a growing number of international banks and firms, Brickell serves as Latin America’s Financial District and has recently enjoyed a transformation with a booming restaurant, entertainment, and nightlife scene. The property is conveniently nestled on SW 8th Street (Calle Ocho) the cultural epicenter of the Miami Latin Community and walking distance to Flagler Street, one of the most important commercial corridors in Miami-Dade County. The excellent location contributes to high demand for rental units in the area and translates into historically low vacancy rates.

FOR SALE DETAILS

PRICE

$4,490,000 USD

PRICE/SF

$514 USD /SF

CAP RATE

4.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Retail/Mix Use Calle Ocho

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

T6-8-O

APN/PARCEL ID

01-4110-014-0160

ASK ABOUT THIS PROPERTY

Alessandro LimaPorosoff Group - Compass CommercialMore Info
305-281-4469

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

Alessandro LimaPorosoff Group - Compass CommercialMore Info
305-281-4469

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