1000 8Th St Miami, FL 33130

This exceptional investment opportunity presents a vacant, fee-simple ownership of a flex retail/industrial property ideally situated at 1000 SW 8th Street in Miami's vibrant Little Havana neighborhood. The property encompasses 8,959 square feet of net rentable space distributed across two buildings constructed in 1924, 1938, and 1975, with renovations completed in 1999. The 13,050 square foot lot features two street-level retail storefronts, one industrial bay with a roll-up door, gated parking, and a pylon sign. The property boasts a desirable corner location on SW 8th Street and 10th Avenue, benefiting from high visibility and foot traffic in this bustling tourist destination. Zoned T6-8-O, the property offers significant upside potential, with retail rents exceeding $50 per square foot (NNN), and food and beverage establishments commanding even higher rates. The property's strong pro-forma cap rate of 7.06% and NOI of $406,110, coupled with its prime location in the heart of Little Havana, makes it an attractive proposition for owner-users or investors seeking immediate value-add potential. The property is conveniently located near popular attractions such as Cafè La Trova and Ball & Chain Nightclub, benefiting from the estimated 3 million annual tourists visiting Calle Ocho. This unique asset presents a rare chance to acquire a well-positioned property in a thriving market. The asking price is $5,750,000, translating to $642 per square foot. Building recertifications have been completed.