Miami, FL 33126

Property Details

Year built

1974

Lot size

0.22 AC

Property size (Sq ft)

5,788 SF

Property type

Other office properties

Property subtype

Office properties

Description

This exceptional two-story, 5,788 square foot commercial building presents a lucrative investment opportunity in the heart of Miami, Florida. Strategically located near 8th Street and Flagler Avenue, this property enjoys a high-traffic location just five minutes from Miami International Airport (MIA). The 0.22-acre lot is zoned T5, allowing for both commercial and residential uses, providing significant future development potential. Currently fully rented, the building boasts a diverse tenant mix including a pizzeria, tax services, insurance agency, medical office, tattoo parlor, mini-market, and beauty salon, ensuring consistent cash flow. The building features remodeled interiors and strong existing leases, generating an impressive annual collected rent of $165,576, with potential for further increases upon lease renewals. The property's prime location, surrounded by established businesses such as CVS, Pollo Tropical, and Wendy's, guarantees high visibility and accessibility. This is a must-see opportunity for discerning investors seeking a stable, high-yielding commercial property in a thriving Miami market. The building's strong tenant occupancy and desirable location make it an ideal investment for long-term growth and passive income. The flexibility offered by the T5 zoning adds an extra layer of value, allowing for future expansion or repurposing to meet evolving market demands. This is a rare chance to acquire a well-maintained, fully-leased commercial building in one of Miami's most sought-after locations.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7958

Longitude

-80.2783

FAQs

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