5430 8Th StCoral Gables, FL 33134

Property Details for 5430 8Th St

Year built

1946

Construction

CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

5,349 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

03-4107-010-0020

APU

341070100020

Description

This exceptional 5,000-square-foot freestanding retail building presents a unique investment opportunity on Miami's vibrant Calle Ocho. Situated on a substantial 24,000-square-foot lot, the property boasts ample parking with over 35 spaces, ensuring convenient access for customers and employees. The single-tenant building is zoned 5003 and offers significant flexibility for a wide range of uses, including retail stores, medical facilities, laboratories, nightlife venues, and restaurants. Its prime location in the heart of Miami provides unparalleled access to major neighborhoods and employment centers, benefiting from excellent public transportation and high walkability. The area's rich cultural environment and significant tourist foot traffic, coupled with a dense local population, create a dynamic and high-traffic environment ideal for generating substantial customer flow. This property represents a rare chance to establish a thriving business in a thriving, culturally rich, and highly accessible location. The property's APN is 03-41-07-010-0020. This is a single-suite building with significant potential for a variety of businesses. The high volume of daily tourists and residents ensures a consistent stream of potential customers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,880,552

  6.5%

  $1,735,894

  7%

  $1,611,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,169,356

  Geo Method

  $1,169,356

• Alternative Use

  Use

  Valuation

  Residential

  $1,735,894

  Hospitality

  $1,590,070

  Educational

  $1,322,919

  Medical

  $1,368,416

  Retail

  $2,057,874

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7635

Longitude

-80.2829

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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