$3,500,000
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.
A12093554
MLS
2554 SW 8th Street, Miami
