6471 SW 8th St - Storefront FOR SALE


West Miami, FL 33144
$1,600,000 USD
305-281-4469
6471 SW 8th St, West Miami, FL for Sale
$1,600,000 USD
Storefront - FOR SALE
1/28
null | Request Cap Rate

6471 SW 8th St
West Miami, FL 33144


HIGHLIGHTS

  • Situated on SW 8th Street (Calle Ocho) in the vibrant Flagami neighborhood
  • 2,176 SF 4-bay retail building
  • 3 of 4 units leased month-to-month – ideal for owner-user or value-add investor
  • $8,000/month ($96,000/year) ?? Proforma Income: $144,000/year
  • Fully gut-renovated with impact windows & doors, new roof
  • Parking: Over 10 on-site spaces – a rare amenity for Calle Ocho

OVERVIEW

Located in the heart of Miami’s Flagami neighborhood on bustling SW 8th Street (Calle Ocho), this fully renovated 4-bay retail building offers an ideal opportunity for investors or owner-users alike. The ±2,176 SF building sits on a highly visible corner with over 10 on-site parking spaces and excellent frontage on one of the city's most traveled corridors. Three of the four retail bays are leased on a month-to-month basis, currently generating $8,000/month. The flexible lease structure provides a value-add opportunity for investors or a chance for an owner-operator to occupy a portion or all of the building. With a proforma gross annual income of $144,000, the asset offers strong upside potential in one of Miami’s most dynamic retail corridors. Investment Highlights ?? Prime Location: Situated on SW 8th Street (Calle Ocho) in the vibrant Flagami neighborhood ?? Building Size: ±2,176 SF 4-bay retail building ?? Occupancy: 3 of 4 units leased month-to-month – ideal for owner-user or value-add investor ?? Current Income: $8,000/month ($96,000/year) ?? Proforma Income: $144,000/year ?? Proforma Cap Rate: ~6.5% (based on stabilized income) ?? Lease Flexibility: Short-term leases allow repositioning or owner occupancy ?? Turnkey Condition: Fully gut-renovated with impact windows & doors, new roof ?? Parking: Over 10 on-site spaces – a rare amenity for Calle O

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$735 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

4 Unit Retail w/Parking Calle Ocho MTM Leases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

T6-8-O

APN/PARCEL ID

01-4001-005-6480

ASK ABOUT THIS PROPERTY

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

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

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