232 SW 8th St, Miami, FL 33130 — MLS photo

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232 SW 8th St, Miami, FL 33130

Active · Office

$12,000,000

232 SW 8th St, Miami, FL 33130

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1972
Lot size
7,000 sq ft
HOA fee
—
Annual tax
—

About this property

PRIME BRICKELL STAND-ALONE THREE-STORY BUILDING WITH EXCEPTIONAL VISIBILITY AND REDEVELOPMENT UPSIDE. Rare opportunity to acquire a recently renovated 3-STORY STAND-ALONE COMMERCIAL/MEDICAL OFFICE BUILDING located directly on SW 8TH STREET, THE MAIN VEHICULAR GATEWAY FROM I-95 INTO BRICKELL. Positioned at the entrance of MIAMI’S MOST PRESTIGIOUS FINANCIAL AND RESIDENTIAL DISTRICT, the property benefits from approximately 13,500 VEHICLES PER DAY, providing outstanding SIGNAGE, EXPOSURE, AND ACCESSIBILITY. The building sits on a 7,000 SF LOT with 14 ON-SITE PARKING SPACES and is zoned T6-24-O URBAN CORE, allowing for a variety of commercial uses and significant LONG-TERM REDEVELOPMENT POTENTIAL. Steps from BRICKELL CITY CENTRE, BRICKELL TRANSIT STATION, METRORAIL, METROMOVER, RESTAURANTS, RESIDENTIAL TOWERS, HOTELS, AND MAJOR EMPLOYMENT CENTERS. A UNIQUE OPPORTUNITY for an OWNER-USER, INVESTOR, MEDICAL OFFICE OPERATOR, PROFESSIONAL SERVICES FIRM, OR DEVELOPER seeking a strategic Brickell entrance location with IMMEDIATE USABILITY AND FUTURE UPSIDE. Building has completed its 40-YEAR RECERTIFICATION IN 2012 and 50-YEAR RECERTIFICATION IN 2022. Please do not distrub the Tenant. Call Listing Agent for details.

Property location

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232 SW 8th St, Miami, FL 33130

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Facts & features

Interior

Bathrooms
0
Flooring
Laminate
Cooling
Central Air
Heating
Central, Electric

Exterior & Structure

Property type
Office
Year built
1972
Lot size
7,000 sq ft
Architectural style
Detached
Roof
Concrete
Construction
Block

Parking

Covered spaces
0
Parking features
Covered, Garage

HOA, Community & Financials

Security
Security System, Smoke Detectors
County
Miami-Dade
Days on market
0
MLS listing ID
A12022630
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$23,486

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$56,886/mo
Down payment
$3,000,000
Loan amount
$9,000,000
Annual NOI
$400,800

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.