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2554 SW 8th St, Miami FL 33135

Commercial For Sale
$3,500,000

BTC: 41.66666667

ETH: 1,320.75471698

1 days
0 room(s)

Overview

A rare, 20,600 SF (0.473 AC) three-parcel assemblage on Calle Ocho — one of Miami's most storied commercial corridors — directly across from Miami Dade College's Padrón Campus generating consistent daily foot traffic from thousands of students, faculty, and staff. The site comes with a by-right development plan for 37 residential units plus approximately 2,500 SF of combinable ground-floor retail, pending approval. Additionally, the City of Miami is currently considering an ordinance targeting co-living uses near accredited colleges and universities, which would allow for 27 apartments comprising 99 co-living bedrooms on the 20,600 SF lot. The three contiguous parcels are under single ownership. Two parcels fronting SW 8th Street total 10,000 SF, contain low-rise mixed-use structures, and T6-8-O zoning, allowing up to eight stories and a broad mix of uses, including multifamily residential, hospitality/lodging, medical office, and ground-floor retail. The vacant 10,000 SF T4-R parcel on SW 9th Street adds residential depth to the assemblage. A pedestrian-friendly setting with restaurants, shops, and everyday services along its commercial corridors. With a Walk Score of 89, the neighborhood is served by Metrobus and free City of Miami trolleys with connections to Metrorail for travel across Miami-Dade. Corridor visibility, institutional foot traffic, a growing residential base, and over 33,000 vehicles passing the site daily create strong demand for redevelopment.

Location

Details

Type:
Commercial Land
Parking:
No Data
Year Built:
No Data
Lot:
0.47 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,000,000
$1.9M – $3.2M
Confidence Low
List vs. estimate
$1.5M above estimate
List $3,500,000 · +75.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $712K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$20,858
2025
All facts and features
  • Lot

    • Lot: 0.47 Acres

    Other Property Information

    • Parcel Number: 01-41-10-009-0030

    • Zoning: 6100

  • Type and style

    • Property Type: Commercial Land

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $20,858

  • Source details

    • MLS ID: A12093554

    Other facts

    • Lot Features: Other Location / Less Than 1 Acre

    • Water Source: Municipal Water

    • Lot Size Dimensions: 100x200

    • Subdivision Name: HAZEL PARK

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Avanti Way Commercial