2500 8Th StMiami, FL 33135

  • Commercial land
  • 2,752 SF
For Sale

Property Details for 2500 8Th St

Year built
1925
Construction
CONCRETE
Lot size
0.12 AC
Property size (Sq ft)
2,752 SF
Zone code
6100:COMMERCIAL,NEIGHBRHD
Property type
Commercial land
APN
01-4110-009-0070
APU
141100090070

Description

This exceptional 5,080 square foot development site presents a unique investment opportunity in the vibrant heart of Little Havana, Miami, Florida. Located at 2500 SW 8th St, Miami, FL 33135 (APN: 01-4110-009-0070), this .11-acre parcel is zoned T6-8-0 and boasts approved plans for a 30-unit hotel project, enabling swift construction commencement post-closing. The property's strategic location offers unparalleled convenience and accessibility. It sits between Southwest 25th Avenue and Southwest 27th Avenue, providing easy access to major thoroughfares. Educational institutions are in close proximity, including International Studies Charter School across Southwest 25th Avenue, Miami Dade College across Southwest 8th Street, and BridgePrep Academy of InterAmerican within a short walk. Furthermore, the site benefits from its proximity to essential amenities such as Sedano's Supermarket and CVS, both within a two-minute walk, and numerous restaurants. With seven existing parking spaces, this property offers a compelling opportunity for immediate development and strong returns. The site's eight-story potential and existing approvals make this a truly turnkey project. This is an exceptional chance to capitalize on the thriving Little Havana market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,719,642
    Hospitality
    $2,491,177
    Educational
    $2,072,630
    Medical
    $2,143,911
    Retail
    $3,224,091
2500 8Th St, Miami, Florida

Location Insight

City
Miami
County
Miami-dade
State
Florida
Latitude
25.765
Longitude
-80.237
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
$13,053
$635,000
-
$635,000
-
$635,000
-
$635,000

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