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$2,500,000
Est. payment /mo
10,450 Sqft Lot
Active Under Contract
7290 SW 8th St Miami, FL 33144
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UPDATED:
09/30/2024 09:42 PM
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Sunset Heights
MLS Listing ID A11444961
HOA Y/N No
Annual Tax Amount $10,708
Tax Year 2022
Contingent No Contingencies
Lot Size 10,450 Sqft
Acres 0.2399
Lot Dimensions 105x100
Property 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.
Location
State FL
County Miami-dade
Community Sunset Heights
Area 40
Exterior
Utilities Available Cable Available, Electricity Available, Trash Collection, Water Available
Street Surface Paved
Building
Lot Description <1 Acre
Sewer Septic Tank
Water Public
Others
Tax ID 30-40-11-004-0390
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Compass Florida, LLC.