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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

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

Ben Moss

Robby

Robby Perez

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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.

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