5795 8Th StWest Miami, FL 33144

  • Land
  • 0.06 AC
For Sale
$400,000 View listing

Property Details for 5795 8Th St

Lot size
0.06 AC
Zone code
6100:COMMERCIAL,NEIGHBRHD
Property type
Land
Property subtype
Commercial land
APN
01-4001-009-0200
APU
140010090200

Description

This exceptional 2,500 square foot commercial lot is ideally situated on Calle Ocho in West Miami, Florida, at 5795 SW 8th Street, zip code 33144. The property boasts a fee simple ownership and is offered at an asking price of $400,000. Its strategic location provides easy access to major neighborhoods and employment centers, benefiting from excellent public transportation and high walkability. The vibrant cultural environment of Calle Ocho adds significant appeal. Zoned T6-8-O, this lot permits a wide range of commercial uses, presenting a unique opportunity for diverse business ventures. Specifically, the zoning allows for both car and truck parking, making it suitable for businesses requiring ample parking space, including the possibility of food truck operations with the necessary permits. This small but strategically located lot presents a compelling investment opportunity in a high-demand area. The property's size, zoning flexibility, and prime location combine to offer significant potential for future development and profitability. This is a rare chance to acquire a commercial property in a thriving Miami location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $811,317
    Hospitality
    $743,162
    Educational
    $618,302
    Medical
    $639,566
    Retail
    $961,803
5795 8Th St, West Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.7637
Longitude
-80.2898
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
$2,953
$187,500
$3,319
$190,819
-
$187,500
$3,319
$190,819

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