817 8Th StMiami, FL 33130
- Retail properties
- 947 SF
Property Details for 817 8Th St
- Year built
- 1930
- Construction
- CONCRETE
- Lot size
- 0.04 AC
- Property size (Sq ft)
- 947 SF
- Zone code
- 6100:COMMERCIAL,NEIGHBRHD
- Property type
- Retail properties
- Property subtype
- Outlet malls
- APN
- 01-4138-006-0040
- APU
- 141380060040
Description
This exceptional 1,500-square-foot warehouse, located at 817 SW 8th Street in Miami, Florida, presents a unique investment opportunity. Built in 1933 and extensively renovated in 2024, this single-tenant property boasts a prime location in East Little Havana, nestled between Brickell and Little Havana, offering unparalleled access to major employment hubs. The building is zoned 6100 and features a single suite within a single building. Its strategic position on Calle Ocho, near 8th Avenue, places it in close proximity to high-traffic areas and established businesses including Walgreens and 7-Eleven. The property's convenient location offers easy access to I-95, making it ideal for businesses requiring efficient transportation links. While there are no designated parking spaces on the property, its walkability to key areas and proximity to public transportation mitigate this. The property is available for lease as a whole or potentially as a half-space, offering flexibility for various business needs. This fully renovated warehouse represents a rare chance to establish a presence in a thriving, high-demand area of Miami. The APN is 01-41-38-006-0040. The property is classified as Retail and Industrial.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,201,907
- 6.5%
- $1,109,453
- 7%
- $1,030,206
-
Comparable approach
- Method
- Valuation
- Relative Method
- $913,672
- Geo Method
- $913,672
-
Alternative Use
- Use
- Valuation
- Residential
- $935,865
- Hospitality
- $857,247
- Educational
- $713,220
- Medical
- $737,748
- Retail
- $1,109,453
Location Insight
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.7662
- Longitude
- -80.208
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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