Mixed-Use Development with Retail and
2554 SW 8th St Miami, FL 33135
2554 SW 8th St, Miami, FL, 33135
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For Sale
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Development site with plans nearly approved, supporting up to 8 stories with multifamily, retail, office, mini storage, and amenities.
Property Size43,661 SF
Lot Size0.48 Acres
Price / SF$109.94
Days on Market158
Property Features for 2554 SW 8th St
General Information
- Standard status
- Active
- Size
- 43,661 SF
- Lot size
- 0.48 Acres
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 2026
Listing Agency
Interamerican Systems Corp
(786) 210-7653
Listed by
ADRIANA GONCALVES · License #3444895
Source
Crexi
Added: Feb 13 Updated: Jul 20 at 6:11 pm Checked: Jul 20 at 6:11 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Interamerican Systems Corp
Investment Insights
Based on property information with market context.
Development opportunity on a 21,002 SF lot on Southwest 8th Street in Miami’s Little Havana corridor, with plans nearly approved and construction timeline reduced. The site allows up to 8 stories under T6-8 O and T4-R zoning and permits multifamily, hospitality, medical, and retail uses.
The proposed project includes 37 residential units, consisting of three studios (1D/1B) averaging 600 SF; 24 one-bedroom/one-bath units averaging 611 SF; and 10 two-bedroom/two-bath units averaging 862 SF. The mixed-use plan also includes 2 retail spaces totaling 2,500 SF (which can be combined), 2,105 SF of mini storage, and 2,500 SF of office space.
Amenities are proposed at 10,969 SF, highlighted by a pool deck, gardens, and a grill area, with approximately 43,661 SF under A/C and 60 parking spaces. The property is described as positioned across from the newly delivered 200-unit Gateway to Little Havana project with 10,000 SF of retail, directly across from Miami Dade College, and within walking distance of the Little Havana Arts and Entertainment District.
The proposed project includes 37 residential units, consisting of three studios (1D/1B) averaging 600 SF; 24 one-bedroom/one-bath units averaging 611 SF; and 10 two-bedroom/two-bath units averaging 862 SF. The mixed-use plan also includes 2 retail spaces totaling 2,500 SF (which can be combined), 2,105 SF of mini storage, and 2,500 SF of office space.
Amenities are proposed at 10,969 SF, highlighted by a pool deck, gardens, and a grill area, with approximately 43,661 SF under A/C and 60 parking spaces. The property is described as positioned across from the newly delivered 200-unit Gateway to Little Havana project with 10,000 SF of retail, directly across from Miami Dade College, and within walking distance of the Little Havana Arts and Entertainment District.
Key Highlights
- 21,002 SF development lot on Southwest 8th Street with plans nearly approved to reduce time to build
- Zoned for up to 8 stories under T6‑8 O and T4‑R zoning; permits multifamily, hospitality, medical, and retail uses
- Proposed 37‑unit residential project: 3 studios (1D/1B, 600 SF), 24 1BD/1BA (611 SF), and 10 2BD/2BA (862 SF)
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $628.7k | $14.40 |
| − Vacancy | −$44.0k | −$1.01 |
| EGI | $584.7k | $13.39 |
| − OpEx | −$175.4k | −$4.02 |
| NOI | $409.3k | $9.37 |
43,661 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$20.35M
$17.81M – $23.74M
NOI $1,424,470 @ 7.0% cap · market cap 29.68%
Second Best
Mixed Use
$14.74M
$12.89M – $17.19M
NOI $1,031,491 @ 7.0% cap · market cap 21.49%
Theoretical Best
Specialty Retail
$29.47M
$25.79M – $34.38M
NOI $2,063,002 @ 7.0% cap · market cap 42.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Foreign Labor Certification
Law Firm
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FAQs
What type of property is this?
Apartment building - Development site with plans nearly approved, supporting up to 8 stories with multifamily, retail, office, mini storage, and amenities.
Where is this apartment building located?
The property is located at 2554 SW 8th St Miami, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 21,002 SF development lot on Southwest 8th Street with plans nearly approved to reduce time to build; Zoned for up to 8 stories under T6‑8 O and T4‑R zoning; permits multifamily, hospitality, medical, and retail uses; Proposed 37‑unit residential project: 3 studios (1D/1B, 600 SF), 24 1BD/1BA (611 SF), and 10 2BD/2BA (862 SF)
