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    5500 8Th St Coral Gables, FL 33134

    For Lease
    $0.10 SF/Yr

    Prime Corner Lot, 5,583 SF

    Lot size:
    5,583 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Coral Gables retail property, located at 5500 SW 8th St, offers 5,583 square feet of space in a single-tenant building. Situated on a highly visible corner lot with a 40,000 vehicle daily traffic count, this property presents a unique investment opportunity. Currently configured as three separate units (pharmacy, dental lab, and medical marijuana clinic), the space is easily adaptable to a single tenant's needs or can remain as multiple units. The building features a newly installed roof and ample parking with 10 spaces available. The zoning designation is 5003, allowing for a variety of retail uses. The property's location in Coral Gables, Florida (zip code 33134), provides excellent access to a thriving community. This one-story building presents a versatile space ideal for a mini-shopping center or a single large-scale retail operation. The APN is 03-41-07-018-6500. This is a rare opportunity to acquire a well-located, adaptable retail property in a high-traffic area. Don't miss out on this chance to own a piece of Coral Gables' vibrant commercial landscape.

    Property Features for 5500 8Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,583 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    5,583 SF
    Rate per SF
    $0.10

    HighLights

    • 5,583 SF single‑tenant retail building in Coral Gables, FL.
    • High‑visibility corner lot with 40,000 VPD.
    • Currently configured as three units (pharmacy, dental lab, medical marijuana clinic), easily adaptable to single or multiple tenants.
    • New roof and 10 parking spaces.
    • Zoned 5003, allowing for various retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2841106
    Latitude
    25.7634036

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    FAQs

    What type of property is this?
    Retail property - Prime Corner Lot, 5,583 SF
    Where is this retail property located?
    The property is located at 5500 8Th St Coral Gables, FL.
    What is the lease rate?
    The lease rate is $0.10 SF/Yr.
    What are key features of this property?
    This property features: 5,583 SF single-tenant retail building in Coral Gables, FL.; High-visibility corner lot with 40,000 VPD.; Currently configured as three units (pharmacy, dental lab, medical marijuana clinic), easily adaptable to single or multiple tenants.
    Request Owner's contact information
    5500 8Th St Coral Gables, FL 33134
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    Coral Gables, FL 33134
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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
    5500 8Th St Coral Gables, FL 33134
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