This fully occupied mixed-use property on world-famous Calle Ocho features 4 retail spaces and 23 apartment units, generating an in-place NOI of approximately $406,000 with strong upside potential. The 27,300-SF site with flexible T-6 and T-5 zoning allows for future development of up to 67 apartment units with ground-floor retail, while completed 40/50-year recertifications, 23 parking spaces, and on-site laundry provide immediate operational stability. Located along one of Miami’s most active commercial corridors, the property benefits from constant foot traffic driven by iconic destinations such as Versailles Restaurant, La Carreta, Ball & Chain, Azucar Ice Cream Company, and national retailers including Walgreens and McDonald’s, placing it at the center of Little Havana’s cultural and economic heartbeat.
CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379
CRE Multifamily Advisor
Tel: (305) 766-1864
Javier@porosoff.com
CRE VP Retail/Development
Tel: (305) 281-4469
alima@porosoff.com
License: FL SL3404498
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