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    1231 8Th St Miami, FL 33135

    For Lease
    $40 SF/Yr

    Prime Calle Ocho location, 3100 sq ft.

    Lot size:
    3,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional restaurant opportunity is situated on the bustling Calle Ocho in Miami's vibrant Little Havana neighborhood. Boasting 3,100 square feet of space, this single-tenant property benefits from high visibility due to its location on a major thoroughfare with over 16,000 vehicles passing daily, plus significant pedestrian traffic. The property is zoned 6100 and features a DERM-approved grease trap connection, ensuring ease of operation for food service businesses. A robust gas system connection, separate electricity and water meters, and a substantial 10-ton air conditioning unit provide ample operational capacity. Security is enhanced by a 24-hour building security camera system. Parking is readily available with 10 spaces at the rear of the building, supplemented by ample street parking. The property also includes a 400-amp electricity panel, providing sufficient power for a variety of restaurant operations. The APN is 01-41-02-011-0570. This location offers unparalleled access to a diverse and thriving customer base in one of Miami's most culturally rich areas. The property's amenities and prime location make it an ideal investment for a discerning restaurateur seeking a high-traffic, well-equipped space. The address is 1231 SW 8th St, Miami, FL 33135.

    Property Features for 1231 8Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,100 SF

    Unit(s) available at that property

    Space
    Size
    3,100 SF
    Rate per SF
    $40

    HighLights

    • 3,100 SF restaurant space on Calle Ocho in Little Havana, Miami.
    • High visibility location on major thoroughfare with 16,000+ vehicles daily and high pedestrian traffic.
    • Zoned 6100 with DERM‑approved grease trap, robust gas, separate utilities, and 10‑ton AC unit.
    • 24‑hour security cameras and 10 rear parking spaces plus ample street parking.
    • 400‑amp electrical panel.
    • APN: 01‑41‑02‑011‑0570; Address: 1231 SW 8th St, Miami, FL 33135.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2151184
    Latitude
    25.7659563

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    FAQs

    What type of property is this?
    Restaurant - Prime Calle Ocho location, 3100 sq ft.
    Where is this restaurant located?
    The property is located at 1231 8Th St Miami, FL.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 3,100 SF restaurant space on Calle Ocho in Little Havana, Miami.; High visibility location on major thoroughfare with 16,000+ vehicles daily and high pedestrian traffic.; Zoned 6100 with DERM-approved grease trap, robust gas, separate utilities, and 10-ton AC unit.
    Request Owner's contact information
    1231 8Th St Miami, FL 33135
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    Miami, FL 33135
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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
    1231 8Th St Miami, FL 33135
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