6045 8Th StWest Miami, FL 33144

Property Details for 6045 8Th St

Year built

1945

Construction

CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

1,590 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01-4001-010-0360

APU

140010100360

Description

This exceptional 1,200 square foot retail space is located at 6045 SW 8th Street in West Miami's vibrant Calle Ocho district. Situated on a 0.185-acre lot (8,050 square feet), this Class B property boasts high visibility and foot traffic. Built in 1945 and renovated in 2017, the two-story building features a total of 7,438 square feet across two buildings, with six parking spaces available. The suite is ideally suited for a variety of uses, including medical, office, or retail, and previously operated as a spa, featuring a reception/waiting area, three treatment rooms, an office, and a restroom. The property's zoning is 6100. This single-tenant space is currently vacant and ready for immediate occupancy. Its prime location on Calle Ocho offers excellent exposure to the area's diverse and bustling community. The property benefits from on-site parking and building signage options. This is a fantastic opportunity for a business seeking high visibility and a strong presence in a thriving commercial area. The owner is motivated to lease.

• CAP approach

  CAP return

  Valuation

  6%

  $558,998

  6.5%

  $515,998

  7%

  $479,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $347,593

  Geo Method

  $347,593

• Alternative Use

  Use

  Valuation

  Residential

  $515,998

  Hospitality

  $472,651

  Educational

  $393,240

  Medical

  $406,764

  Retail

  $611,707

Location Insight

City

West Miami

County

Miami-dade

State

Florida

Latitude

25.7636

Longitude

-80.2939

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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