1501 SW 8th St - Bar FOR SALE


Miami, FL 33135
$8,750,000 USD
305-967-0557
1501 SW 8th St, Miami, FL for Sale
$8,750,000 USD
Bar - FOR SALE
1/16
null | Request Cap Rate

1501 SW 8th St
Miami, FL 33135


HIGHLIGHTS

  • Rare opportunity to acquire this Little Havana Historic Landmark which is located in the heart of the Famous Entertainment District of "Calle Ocho"
  • New long-term lease to be signed with the “World Famous” Ball & Chain Jazz Bar and Restaurant upon the closing
  • Co-tenants include Azucar Ice Cream, Little Havana Cigar, and Salsa Art Dance Studio
  • Immediate upside in 2nd floor space of 2,500 SF, and long-term upside in rents in the ground floor spaces
  • Centrally located in the City of Miami between Coral Gables, Brickell, and the Health District - 50,000 Vehicles Per day

OVERVIEW

BGRS Commercial Real Estate Advisory and Union Street Partners are pleased to present a rare opportunity to acquire a Historic Landmark that is the Home of the “World Famous” Ball & Chain Jazz Bar and Restaurant, the Little Havana Cigar Company, a Salsa Dance Studio, and the Famous Azucar Ice Cream shop all located 1501 SW 8 Street in the Entertainment District of Little Havana (Miami), FL. This is a rare opportunity to acquire not only a piece of Miami History, but also real estate in one of the most sought after retail blocks in South Florida.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$953 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Historic Ball & Chain Building-Little Havana

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

T6-8 O

APN/PARCEL ID

01-4102-006-6210

ASK ABOUT THIS PROPERTY

Arnaldo Cantero IIIBGRS Commercial Real Estate AdvisoryMore Info
305-967-0557

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Arnaldo Cantero IIIBGRS Commercial Real Estate AdvisoryMore Info
305-967-0557

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