939-965 8Th St Miami, FL 33130
- Land
Current Use by Public Records
- Land
Property Details for 939-965 8Th St
- Property type
- Land
Description
This exceptional 40,823-square-foot commercial land parcel presents a remarkable mixed-use development opportunity in the vibrant Little Havana neighborhood of Miami, Florida. Located on the highly trafficked SW 8th Street corridor, this 0.94-acre assemblage is ideally situated just one mile from both Brickell's financial district and Downtown Miami, offering unparalleled access to the city's bustling commercial and residential sectors. The property comprises two distinct zoning designations: 33,553 square feet zoned T6-8 O and 7,270 square feet zoned T5-L, allowing for a diverse range of development options. Permitted uses include residential condos, retail spaces, grocery stores, restaurants, banking facilities, and office buildings, catering to a wide spectrum of potential tenants and maximizing investment returns. The property's strategic location and flexible zoning make it an exceptional investment prospect for developers seeking to capitalize on Miami's thriving real estate market. The asking price for this prime development site is $10,800,000. The property's APN numbers are 01-4138-003-2240, 01-4138-003-2250, 01-4138-003-2260, and 01-4138-003-2150. An adjacent property of 20,850 square feet, also zoned T6-8 O, is available for purchase, expanding the total assemblage to 1.42 acres for a combined price of $17.2 million.
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
- -80.2101
- Latitude
- 25.766
