6061-6073 SW 8th St - Storefront Retail/Residential FOR SALE


West Miami, FL 33144
$3,500,000 USD
305-602-0360
6061-6073 SW 8th St, West Miami, FL for Sale
$3,500,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

6061-6073 SW 8th St
West Miami, FL 33144


HIGHLIGHTS

  • Redevelopment potential 20 units
  • 41000 cars daily
  • Immediate Value add in current leases.

OVERVIEW

The subject property is an existing mixed-use property with 3 commercial ground floor units and 5 residential apartments. The site has approximately 53 ft frontage on SW 8th Street and is close to 106 ft deep. The property is within the West Miami submarket, in the "City of Miami". The property site is along highly traveled US 41/SW 8th street. The site hosts +/- 41,000 cars daily. This opportunity is a covered land play with existing income and the value add to increase rents by more than 25% and begin entitlements for 20 multi-family units.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$851 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-1

APN/PARCEL ID

01-4001-010-0260

ASK ABOUT THIS PROPERTY

Agustin DuarteReMax 360More Info
305-602-0360

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

Agustin DuarteReMax 360More Info
305-602-0360

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