950 8th St Miami, FL 33130-3706
- Turn key restaurants
- 2,238 SF
- 0.14 lot acres
Nov 10, 2024
Current Use by Public Records
- Turn key restaurants
Property Details for 950 8th St
- Year built
- 1951
- Construction
- CONCRETE
- Lot size
- 0.14 lot acres
- Property size
- 2,238 SF
- Zone code
- 6100:COMMERCIAL,NEIGHBRHD
- Property type
- Turn key restaurants
- APN
- 01-4138-011-0040
- APU
- 141380110040
Description
This exceptional 2,238 square foot restaurant space, located at 950 SW 8th St in Miami, Florida, presents a unique value-add opportunity. Situated in the heart of Calle Ocho, Little Havana, this property boasts a highly desirable retail location with significant foot traffic. Built in 1951, this single-story building sits on a 6,004 square foot lot and is zoned T6-8-O. The asking price is $2,600,000, translating to $1,161.75 per square foot. The property is currently vacant, offering a blank canvas for a new culinary venture. Benefitting from its prime location, the restaurant enjoys proximity to Brickell City Center (approximately one mile away) and serves a substantial population of 290,000 within a three-mile radius. Little Havana attracts an estimated three million tourists annually, providing a large potential customer base. On-site parking accommodates eight vehicles. The property is offered fee simple, with a NNN lease type. Owner financing is available. An adjacent property at 938 SW 8th Street is also available for purchase. This is a rare opportunity to own a piece of Miami's vibrant culinary scene.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,275,000
- ML approach
- $4,215,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.21
- Latitude
- 25.7657
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
