1643 7Th StMiami, FL 33135

Property Details for 1643 7Th St

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 22,500-square-foot commercial and residential land parcel, located at 1643 SW 7th Street in Miami, Florida, 33135, presents a unique investment opportunity in the heart of Little Havana. Zoned T-5 Open, this property is ideally situated one block from Calle Ocho, offering unparalleled access to the vibrant cultural scene and high tourist traffic. Existing schematic and render designs envision a 64-unit hotel with rooftop amenities and retail space, showcasing the property's potential for significant returns. Alternatively, the zoning permits the development of a 101-unit multifamily residential building under the "Live Local Act" (Senate Bill 102). The property's proximity to major transportation arteries, including I-95, and its close distance to Downtown Miami, Brickell, Coral Gables, and Miami International Airport, further enhance its desirability. The asking price is $6,780,000. This prime location offers the potential for both commercial and residential development, with opportunities for rooftop and ground-floor retail spaces. Don't miss this chance to capitalize on the thriving Little Havana market.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7666

Longitude

-80.2218

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