Current Use by Public Records
- Office Spaces
Property Details
- Year built
- 1974
- Lot size
- 0.22 lot acres
- Property type
- Office Spaces
Description
This exceptional two-story, 5,788 square foot commercial building presents a lucrative investment opportunity in the heart of Miami, Florida. Strategically located near 8th Street and Flagler Avenue, this property enjoys a high-traffic location just five minutes from Miami International Airport (MIA). The 0.22-acre lot is zoned T5, allowing for both commercial and residential uses, providing significant future development potential. Currently fully rented, the building boasts a diverse tenant mix including a pizzeria, tax services, insurance agency, medical office, tattoo parlor, mini-market, and beauty salon, ensuring consistent cash flow. The building features remodeled interiors and strong existing leases, generating an impressive annual collected rent of $165,576, with potential for further increases upon lease renewals. The property's prime location, surrounded by established businesses such as CVS, Pollo Tropical, and Wendy's, guarantees high visibility and accessibility. This is a must-see opportunity for discerning investors seeking a stable, high-yielding commercial property in a thriving Miami market. The building's strong tenant occupancy and desirable location make it an ideal investment for long-term growth and passive income. The flexibility offered by the T5 zoning adds an extra layer of value, allowing for future expansion or repurposing to meet evolving market demands. This is a rare chance to acquire a well-maintained, fully-leased commercial building in one of Miami's most sought-after locations.
Value Estimations
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AI approach
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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
- -80.2783
- Latitude
- 25.7958
