939 8Th St Miami, FL 33130
- Land
Current Use by Public Records
- Land
Property Details for 939 8Th St
- Property type
- Land
Description
This exceptional 61,678 square foot mixed-use development site is ideally situated in Miami's vibrant Little Havana neighborhood, at the intersection of SW 8th Street and 9th Avenue (address: 939 SW 8th St, Miami, FL 33130). The property boasts excellent frontage on the major SW 8th Street corridor and offers convenient access to SW 7th Street as well. This assemblage comprises two distinct zoning classifications: 54,400 square feet zoned T6-8 O and 7,278 square feet zoned T5-L, allowing for a diverse range of development possibilities. Permitted uses include residential condos, retail spaces, restaurants, banking facilities, and offices. The zoning allows for up to 199 residential units with ground-floor retail, or up to 398 units with adjustments for affordable density, short-term rentals, or hospitality uses. Adding significant value, the sale includes an income-producing commercial building currently 100% leased, with the lease expiring November 30, 2026 (a remaining lease term of approximately two years). The property's prime location is just one mile from the Brickell Financial District and Downtown Miami, placing it within easy reach of major employment centers and amenities. The asking price for this remarkable opportunity is $17,200,000. Parcel numbers are: 01-4138-003-2280, 01-4138-003-2270, 01-4138-003-2260, 01-4138-003-2250, 01-4138-003-2240, and 01-4138-003-2150.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2098
- Latitude
- 25.7663
