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2742 SW 8th St
Miami, FL 33135 Little Havana

$19,000,000 USD

Land For Sale  •  1.74 AC

Property Details

  • Property Type Land
  • Lot Size 1.74 AC
  • Year Built 1977
  • Zoning T6-8-O
50 Transit Score
87 Walk Score

Description

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.

Highlights

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
Current zoning allows, as-of-right, a minimum of 280 residential units, without factoring in additional density permitted under the Live Local Act.
Little Havana ranks among the most densely populated submarkets in Miami-Dade County, nearly 40,000 residents within 1 mile and over 300,000 radius.
Property sits along Calle Ocho—one of Miami’s most iconic and highly traveled corridors—close to Brickell and Coconut Grove's CocoWalk.
Rare opportunity to acquire a long-held asset—owned for more than 40 yrs— all leases structured to roll within 24 months, for immediate repositioning.
Catty-corner to Miami Dade College’s Padrón Campus — part of the Miami Dade College network serving 120,000+ students annually.

Public Transportation

Commuter RailDriveWalkDistance
Coconut Grove (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 4 min - 1.9 mi
Civic Center (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 7 min - 3.0 mi
AirportDriveWalkDistance
Miami International 20 min - 9.5 mi
Fort Lauderdale/Hollywood International 38 min - 25.8 mi
Jonathan De La Rosa 786-306-7259 Marcus & Millichap
Jonathan De La Rosa 786-306-7259 Marcus & Millichap