Address
471 SW 8 ST Miami, FL
Price
$ 3,950,000
Property Attributes
  • ID#A10851104
  • TypeCommercial
  • CountyMIAMI-DADE
  • CityMiami
  • Area41
  • Zip33130
  • StyleMixedUse
  • Taxes$ 30980
  • Price$ 3,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Westside Estate Agency Florida
Data Source:
Southeast Florida MLS SEFMLS
Property Description

The site is a 14,000 SF nearly square corner lot located in the city of Miami, zoned T6-8-O with plans in place for an 83 room hotel, or an 8 unit mixed use apartment building with ground floor retail although a much denser building could be built up to 48 apartment units. Building plans could be made a part of the sale and combined are worth over $500k already spent by owner. Building permit has not been pulled yet but could easily be obtained by a new buyer using seller's construction drawings. Superbly located lot on a commanding corner of the major urban corridor that is the world renowned SW 8 ST, 'Calle Ocho'. This lot has excellent frontage and visibility with exceptional signage possibilities, being located at the intersection of SW 8 ST & SW 5 AV.

Price History
4/29/2020 Listed $4,750,000
9/23/2020 6% - $4,495,000
10/5/2020 13% - $3,950,000

General Features

Electric Item200AmpService, Other
MLS Area 41
Ownership Corporation
Parking Features Other
Property SubType MixedUse
Property Type CommercialSale
Sewer PublicSewer, Other
Special Listing Conditions CorporateListing
Structure Type HotelMotel, MultiFamily
Terms Assumable, Cash, Other
Zoning Description T6-8-O

Exterior Features

Covered Spaces 0.0
Lot Size Acres 0.32
Lot Size Area 14000.0
Lot Size Square Feet 14000.0
Lot Size Units SquareFeet
Road Frontage Type CityStreet, MainThoroughfare
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33130

Price
AVG $1.64M
$3.95M
Taxes
AVG $17,899
$30,980
Visits
AVG 101
221
Walkscore
AVG 95
93
Data Provided by Walkscore ® not using MLS data

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