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Active Under Contract

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$2,500,000

7290 SW 8th St

7290 SW 8th St, Miami, FL 33144

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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.

Features

10,450 Sq.Ft. Lot

Features & Amenities

Exterior

Water Source	Municipal Water
Utilities	Electricity Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Trash Removal, Water Available
Lot Features	City Location, Corner Lot, Near Airport, Less Than 1 Acre
Sewer	Septic Tank

Area & Lot

Status	Active Under Contract
LOT SIZE	10,450 Sq.Ft.
MLS® ID	A11444961
Type	Land

Financial

SALES PRICE	$2,500,000
REAL ESTATE TAXES	$10,708/yr
Zoning	6400

Ben Moss

Title

National Director - Sports & Entertainment Division
Phone

3057934783
Email address

[email protected]

Robby Perez

Title

Luxury Real Estate Specialist
Phone

(305) 772-0525
Email address

[email protected]

Work With Us

Ben has built his business by forming long-lasting relationships with his clients through providing diligent and analytical service, impeccable market knowledge, attention to detail and uncompromising ethical standards.