1340 SW 8th St - Freestanding FOR SALE


Miami, FL 33135- Coral Way
$6,750,000 USD
786-522-7027
1340 SW 8th St, Miami, FL for Sale
$6,750,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

1340 SW 8th St
Miami, FL 33135
Coral Way


HIGHLIGHTS

  • Situated in the heart of Miami’s vibrant Little Havana district, the properties offer unmatched visibility along the iconic SW 8th Street.
  • The offering includes 1340 SW 8th St and the adjacent 825 SW 13th Ct, providing a unique opportunity for either owner-user occupation, redevelopment.
  • The Optica Lopez building is a high-exposure corner retail asset w/ prime frontage on 8th St and strong signage potential, ideal for brand visibility.
  • Favorable T6-8-O & T4-R zoning allows for higher density mixed-use development, offering significant long-term upside.
  • The property will be delivered vacant at closing, offering full control for new ownership. Ownership may consider a sale-leaseback.
  • Located near cultural landmarks like Domino Park and the Tower Theater, the area attracts consistent pedestrian traffic from both locals and tourists.

OVERVIEW

Marcus & Millichap is pleased to present the rare opportunity to acquire a two-building assemblage in the heart of Miami’s iconic Little Havana neighborhood. Located at 1340 SW 8th Street and 825 SW 13th Court, this combined offering features a total of 12,144 square feet of leasable area situated on a 23,790 square foot corner lot with prime frontage along SW 8th Street (Calle Ocho) — one of the city's most historic and high-traffic commercial corridors. The properties are currently owner-occupied by Optica Lopez and will be delivered vacant at closing, providing a blank canvas for repositioning, redevelopment, or immediate owner-user occupancy. The seller is open to considering a sale-leaseback, offering flexibility for investors seeking stabilized cash flow. Zoned T6-8-O & T4-R, the site supports high-density mixed-use development and presents significant long-term upside in a neighborhood experiencing rapid growth, new development, and increasing investor demand. The property's prominent corner visibility, walkable surroundings, and central location minutes from Brickell, Downtown Miami, and Coral Gables make this an ideal investment for retail, medical, office, or future redevelopment. This is a unique opportunity to control a sizable footprint in one of Miami’s most culturally significant and strategically located submarkets.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Optica Lopez on Calle 8 – A&E District

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,790 SF

ZONING

T6-8-O & T4-R

APN/PARCEL ID

01-4111-013-0500,01-4111-013-0510

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

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Jonathan De La RosaMarcus & MillichapMore Info
786-522-7027

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.