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
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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