7290 8th St ,Commercial, Sunset Heights for Sale & Rent

7290 8th St for Sale & Rent

Price $2,500,000.00

• Lot size 10450
• Year Build
• Waterfront
• Zip 33144
• Style
• Parking Description
• Pool Yes
• Status Active With Contract

Description

Redevelopment Opportunity. Spanning 2,988sf, this freestanding building sits on a spacious 10,450sf lot with prime location on the corner of 8th Street & SW 73rd Ave offering high traffic visibility. Built in 1953. Presently operating as Holiday Motel. Generated a monthly revenue of over $10K in 2022. Flexible BU-2 zoning designation, allowing a wide range of redevelopment possibilities, such as retail stores, restaurants, offices, banks, hotels, & more. In some cases, mixed-use development is also possible. Buyers should consult with experts to understand specific limitations & possibilities for this lot. Located minutes away from MIA. Easy access to the SR-826 & SR-836. Land also available for lease at $150k/year. Owner open to a long-term land lease.

To view property, please contact Robby Perez 305-772-0525.

SUNSET HEIGHTS PB 46-74 ALL LOT 21 & W23.73FT OF LOT 20 BLK 2 LOT SIZE 10450 SQUARE FEET OR 20659-3667 0802 4

City Location, Corner Lot, Near Airport, Less Than 1 Acre

Redevelopment Opportunity. Spanning 2,988sf, this freestanding building sits on a spacious 10,450sf lot with prime location on the corner of 8th Street & SW 73rd Ave offering high traffic visibility. Built in 1953. Presently operating as Holiday Motel. Generated a monthly revenue of over $10K in 2022. Flexible BU-2 zoning designation, allowing a wide range of redevelopment possibilities, such as retail stores, restaurants, offices, banks, hotels, & more. In some cases, mixed-use development is also possible. Buyers should consult with experts to understand specific limitations & possibilities for this lot. Located minutes away from MIA. Easy access to the SR-826 & SR-836. Land also available for lease at $150k/year. Owner open to a long-term land lease.

City:Miami,Zoning:6400,List A O R:A-Miami Association of REALTORS,Tax Year:2022,Latitude:25.7625382,List Price:2500000,Listing Id:A11444961,Longitude:-80.313546,Mls Status:Active With Contract,Utilities:1:Sewer Connected,2:Water Connected,3:Cable Available,4:Electricity Available,5:Trash Removal,6:Water Available,Current Use:1:Unimproved Hotel/Motel,2:Unimproved Multi Family (5+Units),3:Income (Other),Postal Code:33144,Street Name:8th St,Contingency:No Contingencies,Coordinates:1:25.7625382,Lot Features:1:Corner Lot,2:Near Airport,3:Less Than 1 Acre,Photos Count:34,Possible Use:1:Professional,2:Urban Commercial,Building Name:SUNSET HEIGHTS,Days On Market:189,Listing Terms:1:Conventional,Lot Size Acres:0.2399,Lot Size Units:Square Feet,M I A M I R E_ Area:40,M L S Area Major:Sunset Heights,On Market Date:2023-09-01,Parcel Number:30-40-11-004-0390,Property Type:Commercial Land,Street Number:7290,Public Remarks:Redevelopment Opportunity. Spanning 2,988sf, this freestanding building sits on a spacious 10,450sf lot with prime location on the corner of 8th Street & SW 73rd Ave offering high traffic visibility. Built in 1953. Presently operating as Holiday Motel. Generated a monthly revenue of over $10K in 2022. Flexible BU-2 zoning designation, allowing a wide range of redevelopment possibilities, such as retail stores, restaurants, offices, banks, hotels, & more. In some cases, mixed-use development is also possible. Buyers should consult with experts to understand specific limitations & possibilities for this lot. Located minutes away from MIA. Easy access to the SR-826 & SR-836. Land also available for lease at $150k/year. Owner open to a long-term land lease.,County Or Parish:Miami-Dade County,Frontage Length:105,List Office Name:Compass Florida, LLC,Private Remarks:To view property, please contact Robby Perez 305-772-0525.,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Postal Code Plus4:4654,Property Sub Type:Commercial,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:SUNSET HEIGHTS,Tax Annual Amount:10708,Unparsed Address:7290 SW 8th St, Miami FL 33144,Listing Agreement:Exclusive Right To Sell,Building Area Units:Square Feet,Lot Size Dimensions:105x100,Lot Size Square Feet:10450,M I A M I R E_ L P Amt Sq Ft:239.2344,Original List Price:2500000,Public Survey Range:40,I D X Participation Y N:1,Syndication Remarks:Redevelopment Opportunity. Spanning 2,988sf, this freestanding building sits on a spacious 10,450sf lot with prime location on the corner of 8th Street & SW 73rd Ave offering high traffic visibility. Built in 1953. Presently operating as Holiday Motel. Generated a monthly revenue of over $10K in 2022. Flexible BU-2 zoning designation, allowing a wide range of redevelopment possibilities, such as retail stores, restaurants, offices, banks, hotels, & more. In some cases, mixed-use development is also possible. Buyers should consult with experts to understand specific limitations & possibilities for this lot. Located minutes away from MIA. Easy access to the SR-826 & SR-836. Land also available for lease at $150k/year. Owner open to a long-term land lease.,Listing Contract Date:2023-09-01,Originating System I D:miamire,Public Survey Section:11,Showing Instructions:See Broker Remarks,Street Number Numeric:7290,Tax Legal Description:SUNSET HEIGHTS PB 46-74 ALL LOT 21 & W23.73FT OF LOT 20 BLK 2 LOT SIZE 10450 SQUARE FEET OR 20659-3667 0802 4,Public Survey Township:40,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Redevelopment Opportunity!Flexible BU-2 zoning designation.Land also available for lease at $150k/year. Owner open to a long-term land lease.,Contract Status Change Date:2024-01-02,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,M I A M I R E_ Attribution Contact:305-772-0525,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 3%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Internet Automated Valuation Display Y N:1,