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7290 SW 8th St Miami, FL $ 2,500,000
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$ 2,500,000 Get more info
7290 SW 8th St
$ 2,500,000
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Share Save

7290 SW 8th St

Miami, FL, 33144
$ 2,500,000
Baths0.0

Monthly Estimate*

$ 16,616

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Studio

Lots and Land for sale in Miami, FL

for $2,500,000. The lot size is 0.2399.

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.

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Lots and Land Contingent

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 10,708

Style

Commercial

Lot Size

0.2399

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11444961
Features
General
Sewer SepticTank
Utilities CableAvailable ElectricityAvailable TrashCollection WaterAvailable
Possession CloseOfEscrow
Property SubType Commercial
Tax Year 2022
County Miami-Dade County
New Construction N
Property Type Land
HOA / Comm Assn N
Attached Garage N
Contingency No Contingencies
Subdivision Name SUNSET HEIGHTS
Garage Y/N N
Status ActiveUnderContract
City Miami
View Y/N N
Senior Community Y/N N
Zoning Description 6400
MLS Area 40
Lot Size Units SquareFeet
Lot Size Square Feet 10450.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 8th St
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 10708.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11444961
Days on Market 193
Standard Status ActiveUnderContract
Property Sub Type Additional Commercial
Legal Description SUNSET HEIGHTS PB 46-74 ALL LOT 21 & W23.73FT OF LOT 20 BLK 2 LOT SIZE 10450 SQUARE FEET OR 20659-3667 0802 4
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Exterior
Lot Features Item1Acre
Water Source Public
Lot Size Area 10450.0
Spa N
Lot Dimensions 105x100
Lot Size Acres 0.2399
Road Surface Type Paved
Covered Spaces 0.0
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 7290
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* Excluded Features
List By
Compass Florida, Llc.

Broker

305-772-0525

Contact

Affordability Calculator

$17,508
Per Month
95%
5%
0%
Monthly Principal & Interest
$16,616
Monthly Property Taxes
$892
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/7/2023$2,500,000 Listed Price

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7290 SW 8th St, Miami, FL, 33144 is a Lots and Land for sale at $2,500,000 with a lot size of 0.2399. 7290 SW 8th St is a studio with 0.0 baths. The property's zip code is 33144 which is in Miami, FL

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