Property
| Ownership: | For Sale |
|---|---|
| Type: | Land |
| Lot Size: | 0.7 Acres |
Financials
Price:$8,000,000
Listing Courtesy of Fausto Commercial Realty Consultants Inc
Mixed Use Calle Ocho Investment housing Iconic Lung Yai Restaurant.
Description
Mixed Use Calle Ocho Investment housing Iconic Lung Yai Restaurant. Positioned on Calle Ocho in the heart of Little Havana, this two-folio assemblage consists of 3 commercial units and 32 residential units situated on a 30,500 SF lot, offering strong in- place income and significant redevelopment potential in Miami’s fastest-growing urban neighborhoods. Little Havana continues to experience substantial growth due to its central location and connectivity to Miami’s major employment and lifestyle centers, including Downtown Miami, Brickell, Wynwood, the Health District, and Coral Gables. The property benefits from strong pedestrian traffic and prominent frontage along one of Miami’s most recognized commercial corridors.The asset is projected to generate approximately $640,000 in annual pro forma gross income and is home to the renowned Lung Yai Thai Tapas, one of Miami’s most iconic restaurant destinations. In addition to current cash flow, the site offers a compelling covered land play opportunity with long-term redevelopment upside in a supply-constrained market. - Covered land play with immediate cash flow and redevelopment optionality- T6-8-O zoning unlocks high-density development potential on SW 8 ST- Rare two-folio assemblage — difficult to replicate in this infill location
Amenities
- Cable - Available
- Electricity Available
- Irregular Lot
- Natural Gas Available
- Other
- Sewer Available
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.