Retail Property for Sale in Miami

Written by Jacqueline Coleman

June 14, 2021

ComReal | Miami – Coral Gables, LLC is pleased to present a retail property for sale at 6045 SW 8th Street. The subject property consists of three ground-level retail bays and two second-floor apartments totaling 4,618 SF.

This property is located on the corner of SW 8th Street and SW 60th Court and has excellent exposure to commuters traveling in each direction on SW 8th Street, which presents an excellent signage opportunity for tenants or an investor/user.  The daily exposure is approximately 43,000 commuters, and the open flow of traffic on SW 8th Street allows for ease of access when approaching the center from either direction.

The retail center currently has one vacancy, which provides an investor with the opportunity to lease the vacancy and increase the yield on the property.

 

Offering Summary

Sale Price: $1,500,000

Price / SF: $324.82

Cap Rate: 5.18%

NOI: $77,632

Building Size: 4,618 SF

Year Built: 1945

Zoning: T6-8-O

Market: West Miami

For more information about this property and others by ComReal Miami-Coral Gables, please contact GAVIN WINSTON at 312.618.0162, or gwinston@comreal.com.

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