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.
- Address 7290 SW 8th St
- City Miami
- County Miami-Dade
- Zip 33144
- Price $2,500,000
- Status Active Under Contract
- Subdivision Sunset Heights
- Pets Allowed No
- MLS® # A11444961
- Property Type Land
- Property Sub TypeCommercial
- Status Active Under Contract
- Square Feet
- Year Built
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $10,708
- Tax Year 2022