Business for Sale in Miami, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Miami, FL 33135

Description

Marcus & Millichap is pleased to present the sale of 645 SW 16 AVE, Miami, FL 33130. The Parcel Located on a 9,863 SF lot with T5-O zoning, the property allows for five stories at 65 units per acre, supporting 14 residential units or 28 hotel keys as-of-right, with additional density possible under the Live Local Act. The Subject sits just one block from the most active stretch of Little Havana, which attracts roughly 3 million tourists annually between SW 17th and SW 12th Avenues, and is steps from iconic destinations such as Ball & Chain and Domino Park. The site is also just 1.5 miles from Brickell, Miami’s financial district, an area with a median household income above $129,000 and some of the highest employment density in the Southeast. Surrounded by one of Miami-Dade County’s most densely populated neighborhoods—Little Havana, , which attracts an estimated 3 million tourists annually, over 60,000 residents within one mile and more than 300,000 within three miles—the property benefits from Little Havana’s remarkably tight multifamily market, where vacancy remains around 3% amid limited new construction and steady renter demand. Investment Highlights: • 9,863 SF lot with T5-O zoning, enabling 5-stories in height at 65 units per acre, supporting 14 residential units or28 hotel keys as-of-right, with additional density possible under the Live Local Act • Situated just one block from the most active and sought-after stretch of Little Havana, which attracts an estimated 3 million tourists annually between SW 17th Avenue and SW 12th Avenue. • Steps from Calle Ocho's iconic destinations, including the world-famous Ball & Chain nightclub and Domino Park, two of Miami's top cultural landmarks. • Just 1.5 miles from Brickell, Miami's financial district, featuring a median household income exceeding $129,000 and some of the highest employment density in the Southeast. • Located in one of Miami-Dade County's most densely populated neighborhoods, with over 60,000 resident

Market Context

This mixed use in Miami, FL is listed for sale. It has been on the market for 68 days. Compare it against other mixed use listings for sale in Miami, FL — <a href="/search/sale/mixed-use/florida/miami">view the full market</a>.

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