5769 SOUTH WEST 8 ST, Miami
$2,500,000 USD
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Address | 5769 SOUTH WEST 8 ST, Miami |
Type of Property | Retail |
Type of Business | Retail Space |
Property Style | Retail |
Price | $2,500,000 |
Property Status | Active With Contract |
MLS Number | A11887551 |
Property Size | 15000 |
Lot Size | 15000 |
Parking Space Number | 15 |
Days on Market | 2 |
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
State | Florida |
City | Miami |
County | Miami-Dade County |
Zip Code | 33144 |
Address | 5769 SOUTH WEST 8 ST |
Financial Information
Price | $2,500,000 |
Price per Foot | $0 |
Type of Contingencies | Pending Inspections |
Full Descriptions
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. |
Property parameters
Living Area | 15000 |
Lot Size | 15000 |
Total Acreage | 0.000 |
Maximum Leasable Size | 15000 |
Type of Property | Retail |
Type of Business | Retail Space |
Style | Retail |
Stories Number | 1 |
Street Direction | South West |
Parking Space Number | 15 |
Listed with | The Corcoran Group |