5795 8th St Miami, FL 33144
This exceptional 2,500 square foot commercial lot is ideally situated on Calle Ocho in West Miami, Florida, at 5795 SW 8th Street, zip code 33144. The property boasts a fee simple ownership and is offered at an asking price of $400,000. Its strategic location provides easy access to major neighborhoods and employment centers, benefiting from excellent public transportation and high walkability. The vibrant cultural environment of Calle Ocho adds significant appeal. Zoned T6-8-O, this lot permits a wide range of commercial uses, presenting a unique opportunity for diverse business ventures. Specifically, the zoning allows for both car and truck parking, making it suitable for businesses requiring ample parking space, including the possibility of food truck operations with the necessary permits. This small but strategically located lot presents a compelling investment opportunity in a high-demand area. The property's size, zoning flexibility, and prime location combine to offer significant potential for future development and profitability. This is a rare chance to acquire a commercial property in a thriving Miami location.
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
6100:COMMERCIAL,NEIGHBRHD · Miami, FLCosts & 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.