7383 8Th StMiami, FL 33144

Property Details for 7383 8Th St

Year built

1953

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional Miami property at 7383 SW 8th St, Miami, FL 33144, presents a unique investment opportunity. Priced at $130,000, this 1953-built storefront offers a blend of retail and office space, ideal for a variety of uses. Currently operating as a thriving beauty salon and spa, the sale includes the established business, its loyal clientele, and all existing equipment. The salon boasts a modern interior, three hair stations, two nail stations, and three pedicure chairs. Three additional suites are rented out, generating supplemental income at $150 per week each. The business operates Tuesday through Sunday, from 10:30 am to 7:00 pm, and enjoys a high-traffic location. Monthly rent is $2,500 plus sales tax. Utilities are low, averaging $70 every three months for water and $220 monthly for electricity. The property is conveniently located in Miami-Dade County, but note that parking is unassigned and operates on a first-come, first-served basis. Ten years of successful operation in this location demonstrate the property's strong potential for continued success. This turnkey operation offers immediate income generation and significant upside potential for a savvy investor.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7629

Longitude

-80.3153

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