1501 8Th St Miami, FL 33135

This exceptional investment opportunity presents a rare chance to acquire a historic landmark in the heart of Little Havana's vibrant entertainment district on Calle Ocho. The property, encompassing 9,180 square feet across two stories, is currently 100% occupied by a diverse mix of established businesses including the world-famous Ball & Chain Jazz Bar and Restaurant, Azucar Ice Cream, Little Havana Cigar Company, and a Salsa Dance Studio. Built in 1925 and renovated in 2022, this multi-tenant retail building sits on a 12,500 square foot lot and boasts a strong Net Operating Income (NOI) of $350,000. The asking price is $8,750,000, translating to $953.16 per square foot. The property is zoned T6 8-O and benefits from a triple-net (NNN) lease structure. Significant upside potential exists through lease renegotiations with existing tenants and the development of the currently unused 2,500 square feet of second-floor space. This prime location, situated between Coral Gables, Brickell, and the Health District, enjoys high daily vehicular traffic exceeding 50,000 vehicles. A new long-term lease with the Ball & Chain is to be executed upon closing. This is a unique chance to own a piece of Miami history and a thriving commercial property in one of South Florida's most desirable urban core retail locations.