40 8th Ave Miami, FL 33128-1408
This exceptional retail property, located at 40 SW 8th Ave in Miami, Florida, presents a lucrative investment opportunity. Built in 1972, this single-story building comprises approximately 1800 square feet of retail space, divided into two units. One unit offers approximately 1200 square feet, while the other provides approximately 600 square feet, providing flexibility for various retail concepts. The property is situated in Miami-Dade County, zip code 33130, offering excellent visibility and accessibility. On-site parking accommodates four vehicles, a valuable asset in a high-traffic urban area. The asking price for this well-positioned retail building is $1,850,000. This presents a strong potential for rental income and capital appreciation, making it an attractive investment for discerning buyers seeking a foothold in Miami's dynamic retail market. The property's location in a bustling area ensures high foot traffic and visibility, contributing to its strong potential for success. The existing layout offers the possibility for immediate occupancy or redevelopment, depending on the investor's vision. This is a rare opportunity to acquire a well-established retail property in a prime Miami location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6110:COMM/RES-DESIGN DIST · Miami, FLMiami. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.