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.
Property Details
Price:
$2,500,000
MLS #:
A11444961
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
7290 SW 8th St
Type:
Single Family
Subtype:
Commercial
Subdivision:
SUNSET HEIGHTS
City:
Miami
Listed Date:
Sep 1, 2023
State:
FL
ZIP:
33144
Lot Size:
10,450 sqft / 0.24 acres (approx)
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Schools
Interior
Exterior
Financial
Buyer Agent Compensation
3%%
Tax Year
2022
Taxes
$10,708
Map
Community
- Address7290 SW 8th St Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33144
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