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    8Th St Miami, FL 33144

    For Sale
    $125,000

    Established Smoke Shop, Inventory Included

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    297
    This thriving 1,000 sq ft smoke shop in West Miami, FL, presents a unique investment opportunity. Located on busy SW 8th St, this business boasts a custom build-out, saving significant costs for any prospective owner. The asking price is $125,000, and includes all inventory, shelving, fixtures, and existing licenses. The current lease has approximately 1.5 years remaining, with a renewal option, offering low rent and expenses. The property features two separate back offices/storage spaces and a customer bathroom. The shopping center benefits from high traffic volume, enhanced by its location on SW 8th St and the presence of a successful neighboring Mexican restaurant. This sale is for the business only; no real estate is included. The building was constructed in 1949. This turnkey operation provides immediate income potential and a solid foundation for continued growth. The business is situated in Miami-Dade County, Florida, with a 33144 zip code. This is an exceptional chance to acquire a profitable, established business with significant upside potential.

    Property Features for 0 8Th St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1949

    HighLights

    • Asking price: $125,000
    • 1,000 sq ft retail business for sale in West Miami, FL
    • Existing smoke shop business with inventory, shelving, fixtures, and licenses included
    • Low rent and expenses with approximately 1.5 years remaining on the lease, plus renewal option
    • Includes two separate back offices/storage spaces and a customer bathroom.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2933281
    Latitude
    25.7634033

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    FAQs

    What type of property is this?
    Retail property - Established Smoke Shop, Inventory Included
    Where is this retail property located?
    The property is located at 8Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Asking price: $125,000; 1,000 sq ft retail business for sale in West Miami, FL; Existing smoke shop business with inventory, shelving, fixtures, and licenses included
    Request Owner's contact information
    8Th St Miami, FL 33144
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    Miami, FL 33144
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8Th St Miami, FL 33144
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