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1603 SW 8 ST

1603 SW 8th St, Miami, FL 33135, USA
$7,500,000

Description

Apex Capital Realty is pleased to exclusively offer the rare opportunity to acquire one of the most prominent urban mixed-use properties located on the storied Calle Ocho. The property enjoys some of the most significant exposure in the region with the ability to develop and transform the property from a prominent retail property into one of the most notable mixed-use destinations the City has to offer – The Calle Ocho Landmark (the “Property”). Spanning a half city block, the property fronts one of the most visible and visited urban entertainment and shopping districts in Miami, Calle Ocho. The building currently consists of approximately 11,342 SF of retail and restaurant tenants in addition to 12 residential apartments located on the second floor of the property. The property was originally developed as a hotel in the 1920’s and has evolved into an iconic local destination representing the transformation of Calle Ocho into a globally-recognized destination visited by millions each year. Anchored by a Miami restaurant staple, Sushi Sake, the property features a mix of tenants that offer quintessential services that Calle Ocho is best known for, such as a Cigar Factory / Shop & Bar in addition to a local barbershop, Spanish Tapas bar and CBD shop.

PROPERTY OVERVIEW:
Building Size: 11,342 SF
Lot Size: 8,108 SF (0.19 Acres)
Zoning: T6-8-O
Year Built: 1927/1948
Occupancy: 100%
Cap Rate: 4.41%
Asking Price: $7,500,000
* Adjacent parcel of land with 15,763 SF at 710 NW 16th Ave is also available for an added cost

 

PROPERTY HIGHLIGHTS:
• 3 Million + Tourists Annually
• Pedestrian Traffic of more than 30,000+ Weekly
• Main Stop for 10+ Tour Bus Companies

Property Documents

  • City: Miami
  • State/county: Florida
  • Neighborhood: Little Havana
  • Country: United States

Detail

Updated on July 30, 2021 at 11:39 am

  • Price: $7,500,000
  • Property Size: 11342 Sq Ft
  • Land Area: 8108 Sq Ft
  • Year Built: 1948
  • Property Type: Multifamily, Retail
  • Property Status: For Sale

Contact info

Miguel Pinto
Miguel Pinto

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