See all 30 photos
30 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$8,000,000
Est. payment /mo
0.69 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Lawnview
MLS Listing ID A12044492
HOA Y/N No
Tax Year 2025
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions 100x300
Property Description
Mixed Use Calle Ocho Investment housing Iconic Lung Yai Restaurant. Positioned on Calle Ocho in the heart of Little Havana, this two-folio assemblage consists of 3 commercial units and 32 residential units situated on a 30,500 SF lot, offering strong in- place income and significant redevelopment potential in Miami's fastest-growing urban neighborhoods.
Little Havana continues to experience substantial growth due to its central location and connectivity to Miami's major employment and lifestyle centers, including Downtown Miami, Brickell, Wynwood, the Health District, and Coral Gables. The property benefits from strong pedestrian traffic and prominent frontage along one of Miami's most recognized commercial corridors.
The asset is projected to generate approximately $640,000 in annual pro forma gross income and is home to the renowned Lung Yai Thai Tapas, one of Miami's most iconic restaurant destinations. In addition to current cash flow, the site offers a compelling covered land play opportunity with long-term redevelopment upside in a supply-constrained market.
Little Havana continues to experience substantial growth due to its central location and connectivity to Miami's major employment and lifestyle centers, including Downtown Miami, Brickell, Wynwood, the Health District, and Coral Gables. The property benefits from strong pedestrian traffic and prominent frontage along one of Miami's most recognized commercial corridors.
The asset is projected to generate approximately $640,000 in annual pro forma gross income and is home to the renowned Lung Yai Thai Tapas, one of Miami's most iconic restaurant destinations. In addition to current cash flow, the site offers a compelling covered land play opportunity with long-term redevelopment upside in a supply-constrained market.
Location
State FL
County Miami-dade
Community Lawnview
Area 41
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Other
Present Use Other
Private Pool Yes
Building
Lot Description <1 Acre, Irregular Lot
Sewer Other
Water Public
Others
Tax ID 01-41-03-026-0321
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12044492
Read Less Info
Listed by Fausto Commercial Realty Consultants Inc
GET MORE INFORMATION