817 8Th StMiami, FL 33130

  • Retail properties
  • 947 SF
For Lease
$62.40/SF/YR View listing

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
817 8Th St, Miami, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,051
$203,125
$42,579
$245,704
-
$203,125
$42,579
$245,704

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