Calle Ocho Corner
Miami, Florida
Building
Stats
- Property Type Land - Other
- Size (Ac) 0.73
- Price $7,750,000
- Zoning T6-8-O (1340 SW 8th St) & T4-R (824 SW 13th Ave & 825 SW 13th Ct)
Overview
Avison Young is pleased to exclusively offer for sale Calle Ocho Corner (the "Property"), a ±0.727 AC redevelopment opportunity located in the heart of Miami's popular and historic Calle Ocho district. Boasting direct frontage to SW 8th Street near Calle Ocho's most popular cultural, dining, and nightlife landmarks, the site is zoned for the construction of an eight to twelve-story mixed-use structure.
Highlights
Proximity to the Best of Calle Ocho
Calle Ocho is Miami's most authentic historically Cuban neighborhood, and over the decades has developed into an extremely popular tourist destination. The Property is positioned in the midst of Calle Ocho's most iconic and historic stretch, adjacent to major landmarks like Domino Park and nightclub Ball & Chain, and the pedestrian tourist traffic in the area is extremely high.
Aggressive T6-8-O Zoning
The northern portion of the site bears aggressive T6-8-O zoning, a flexible and permissive zoning designation that permits vertical construction of up to 8 stories by-right and 12 stories with bonuses. It allows for the incorporation of a wide mix of uses.
Ideal Mixed-Use Location
The Property boasts direct frontage of Calle Ocho and its tremendous daily pedestrian traffic, which will make a ground-floor retail component extremely valuable. And recent construction projects in the surrounding area are garnering all-time high rents.
A Booming Market
Miami is booming. Even as other commercial real estate markets around the world have slowed over the course of the past year, Miami continues firing on all cylinders. Florida was the fastest-growing US state in 2022, and South Florida drew a significant portion of that in-migration.
