Rare opportunity to acquire a fee simple property in the City of Miami, with the existing ground lease terminated at closing. The site consists of two folios and features highly flexible T6-8-O zoning — abutting T4 (a superior transition compared to T3) â€

5769 SOUTH WEST 8 ST, Miami

$2,500,000 USD
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Address5769 SOUTH WEST 8 ST, Miami
Type of PropertyRetail
Type of BusinessRetail Space
Property StyleRetail
Price$2,500,000
Property StatusActive With Contract
MLS NumberA11887551
Property Size15000
Lot Size15000
Parking Space Number15
Days on Market2

Detailed Description: Rare opportunity to acquire a fee simple property in the City of Miami, with the existing ground lease terminated at closing. The site consists of two folios and features highly flexible T6-8-O zoning — abutting T4 (a superior transition compared to T3) — allowing for significant redevelopment potential across multiple uses and densities. Current income is in place from three leases — a school, a restaurant, and a billboard — making this a true covered land play that generates immediate cash flow during predevelopment. Strategically located along the northern border of affluent Coral Gables, the property is priced at land value and will be delivered free and clear, giving investors the ability to control a high-demand site with both short-term income and long-term redevelopment upside.

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Address Information
StateFlorida
CityMiami
CountyMiami-Dade County
Zip Code33144
Address5769 SOUTH WEST 8 ST
Financial Information
Price$2,500,000
Price per Foot$0
Type of ContingenciesPending Inspections
Full Descriptions
Detailed DescriptionRare opportunity to acquire a fee simple property in the City of Miami, with the existing ground lease terminated at closing. The site consists of two folios and features highly flexible T6-8-O zoning — abutting T4 (a superior transition compared to T3) — allowing for significant redevelopment potential across multiple uses and densities. Current income is in place from three leases — a school, a restaurant, and a billboard — making this a true covered land play that generates immediate cash flow during predevelopment. Strategically located along the northern border of affluent Coral Gables, the property is priced at land value and will be delivered free and clear, giving investors the ability to control a high-demand site with both short-term income and long-term redevelopment upside.
Property parameters
Living Area15000
Lot Size15000
Total Acreage0.000
Maximum Leasable Size15000
Type of PropertyRetail
Type of BusinessRetail Space
StyleRetail
Stories Number1
Street DirectionSouth West
Parking Space Number15
Listed withThe Corcoran Group