CALLE OCHO COVERED LAND PLAY

1320 SW 7TH ST

MIAMI, FL 33135

Status:
Available
Price:
$7,550,000
Units:
4 RETAIL UNITS + 23 UNITS

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

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.

INVESTMENT HIGHLIGHTS

  • Re-Development Potential
  • Lot Size: 27,300 Sq Ft
  • Zoning: T6-8-O and T5-O
  • Allowed Uses: Multifamily, Hospitality, Mixed-Use, Office, Retail
  • As-of-right buildable apartment units: 67
  • Frontage on SW 8th Street and SW 7th St
  • Ability to go up 8 stories (12 stories with 1 variance)

EXCLUSIVELY LISTED BY

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

JAVIER UBEDA

CRE Multifamily Advisor
Tel: (305) 766-1864
Javier@porosoff.com

ALESSANDRO LIMA

CRE VP Retail/Development
Tel: (305) 281-4469
alima@porosoff.com
License: FL SL3404498

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