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Urban Core Miami Shopping Center Redev. 2742 SW 8th St Local commercial 3 739 m² 100 % Loué À vendre Miami, FL 33135 16 394 530 € (4 384,87 €/m²) Taux de capitalisation 4,54 %
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Informations principales sur l'investissement
- 40,000+ SF of Existing Buildings on 75,923 SF of Land | Rare Covered Land Opportunity Generating $850,000+ NOI | 90% of Tenants MTM or Rolling by 2026
- Little Havana ranks among the most densely populated submarkets in Miami-Dade County, nearly 40,000 residents within 1 mile and over 300,000 radius.
- Rare opportunity to acquire a long-held asset—owned for more than 40 yrs— all leases structured to roll within 24 months, for immediate repositioning.
- Current zoning allows, as-of-right, a minimum of 280 residential units, without factoring in additional density permitted under the Live Local Act.
- Property sits along Calle Ocho—one of Miami’s most iconic and highly traveled corridors—close to Brickell and Coconut Grove's CocoWalk.
- Catty-corner to Miami Dade College’s Padrón Campus — part of the Miami Dade College network serving 120,000+ students annually.
Résumé analytique
Marcus & Millichap is pleased to present the opportunity to acquire a covered land play located at 2742 SW 8th St & 833 SW 29th Ave. This property consists of 40,245 SF of gross leasable area sitting on a 75,923 SF lot (1.74 Acres). It is situated on SW 8th St and right off 27th Ave which is exposed to over 35,000 vehicles per day. 27th Avenue strategically leads directly into the heart of Coconut Grove which is 2.5 miles south.
The current zoning allows for a 280-unit multifamily building by right or a 300-unit multifamily building utilizing the Live Local Act. This property currently consists of 36 tenants that are all on short term leases and generates over $850,000 a year in NOI giving developers a steady cash flow while they await permits for redevelopment.
The subject property is centrally located near Miami’s most desirable neighborhoods such as Coral Gables, Brickell, Coconut Grove, and Downtown Miami. It is less than 3 miles from Brickell City Center and Coconut Grove’s Coco Walk and within 1.5 miles from Little Havana’s world-famous Ball and Chain night club and Café La Trova.
Little Havana is one of the most densely populated neighborhoods in Miami-Dade County with a 1-mile density of roughly 40,000 residents and over 300,000 residents within a 3-mile radius. Additionally, the vacancy rates in Little Havana are some of the lowest in Miami-Dade County boasting multifamily vacancy rates of below 5%.
The current zoning allows for a 280-unit multifamily building by right or a 300-unit multifamily building utilizing the Live Local Act. This property currently consists of 36 tenants that are all on short term leases and generates over $850,000 a year in NOI giving developers a steady cash flow while they await permits for redevelopment.
The subject property is centrally located near Miami’s most desirable neighborhoods such as Coral Gables, Brickell, Coconut Grove, and Downtown Miami. It is less than 3 miles from Brickell City Center and Coconut Grove’s Coco Walk and within 1.5 miles from Little Havana’s world-famous Ball and Chain night club and Café La Trova.
Little Havana is one of the most densely populated neighborhoods in Miami-Dade County with a 1-mile density of roughly 40,000 residents and over 300,000 residents within a 3-mile radius. Additionally, the vacancy rates in Little Havana are some of the lowest in Miami-Dade County boasting multifamily vacancy rates of below 5%.
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Informations sur l’immeuble
Type de vente
Investissement
Type de bien
Surface de l’immeuble
3 739 m²
Classe d’immeuble
C
Année de construction/rénovation
1977/1988
Prix
16 394 530 €
Prix par m²
4 384,87 €
Taux de capitalisation
4,54 %
RNE
744 128 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,53
Surface du lot
0,71 ha
Zonage
T6-8-O
Stationnement
103 places (27,55 places par 1 000 m² loué)
Caractéristiques
- Ligne d’autobus
- Enseigne sur pylône
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Principaux commerces à proximité
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 1 662 473 € | |
| Évaluation du terrain | 4 607 985 € | Évaluation totale | 7 989 950 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
4 607 985 €
Évaluation des aménagements
1 662 473 €
Évaluation totale
7 989 950 €
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Urban Core Miami Shopping Center Redev. | 2742 SW 8th St
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