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2554 SW 8th St, Miami FL 33135

Miami, FL 33135

$3,500,000

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Price
$3,500,000
Building size
7,408
Property type
Mixed Use
Year built
1928
Lot size (sq ft)
20,600
MLS number
A12093596

This listing is courtesy of Avanti Way Commercial, 786-512-3745.

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About this property

A rare, 20,600 SF (0.473 AC) three-parcel assemblage on Calle Ocho — one of Miami's most storied commercial corridors — directly across from Miami Dade College's Padrón Campus generating consistent daily foot traffic from thousands of students, faculty, and staff. The site comes with a by-right development plan for 37 residential units plus approximately 2,500 SF of combinable ground-floor retail, pending approval. Additionally, the City of Miami is currently considering an ordinance targeting co-living uses near accredited colleges and universities, which would allow for 27 apartments comprising 99 co-living bedrooms on the 20,600 SF lot. The three contiguous parcels are under single ownership. Two parcels fronting SW 8th Street total 10,000 SF, contain low-rise mixed-use structures, and T6-8-O zoning, allowing up to eight stories and a broad mix of uses, including multifamily residential, hospitality/lodging, medical office, and ground-floor retail. The vacant 10,000 SF T4-R parcel on SW 9th Street adds residential depth to the assemblage. A pedestrian-friendly setting with restaurants, shops, and everyday services along its commercial corridors. With a Walk Score of 89, the neighborhood is served by Metrobus and free City of Miami trolleys with connections to Metrorail for travel across Miami-Dade. Corridor visibility, institutional foot traffic, a growing residential base, and over 33,000 vehicles passing the site daily create strong demand for redevelopment.

Details

Property type
Mixed Use
Year built
1928
Lot size (sq ft)
20,600

Location

Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.

Newmar Brokerage, LLC

2554 SW 8th St, Miami FL 33135 | Newmar Brokerage, LLC