40,000+ SF of Existing Buildings on 75,923 SF of Land | Rare Covered Land Opportunity Generating $850,000+ NOI | 90% of Tenants MTM or Rolling by 2026 — Ideal for Repositioning or Future Redevelopment.
Current zoning allows, as-of-right, a minimum of 280 residential units, without factoring in additional density permitted under the Live Local Act. Ownership engaged Bercow Radell Fernandez Larkin & Tapanes to complete a zoning study, which is available to share with qualified buyers upon request.
Little Havana ranks among the most densely populated submarkets in Miami-Dade County, boasting nearly 40,000 residents within 1 mile and over 300,000 residents within a 3-mile radius.
The subject property sits along Calle Ocho—one of Miami’s most iconic and highly traveled corridors—located less than 3 miles from Brickell, approximately 1.5 miles from Coconut Grove’s CocoWalk, and just minutes from Little Havana’s Art & Entertainment District, which draws more than 3 million visitors each year.
Rare opportunity to acquire a long-held asset—owned for more than 40 years—with all leases intentionally structured to roll within 24 months, providing immediate repositioning or redevelopment flexibility.
Catty-corner to Miami Dade College’s Padrón Campus — part of the Miami Dade College network serving 120,000+ students annually — and directly on Calle 8 with exposure to 35,000 vehicles per day.
Unique parcel configuration allows for multifamily development on the 2742 parcel — a perfectly rectangular site — while utilizing 833 SW 29th Ave for a detached parking garage, resulting in significant development cost savings.
Jonathan De La Rosa
Marcus & Millichap
