Commercial

SW 8th Street Development Site

5591 SW 8th St, Coral Gables, FL 33134

Listing Price: $1,700,000

Lot Size
0.36 acres
Price/Acre
$4,742,059
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present for sale 5591 SW 8th Street, located on the Northwest edge of Coral Gables. The site is one block East of Red Road (Southwest 57th Avenue) on the North side of Southwest 8th Street, and within five miles of the subject property there are approximately 550,000 residents.   5591 SW 8th Street is zoned T6-8-O, allowing a density of up to 150 dwelling units per acre. The maximum number of units allowable is +/- 50 Units and the maximum height is eight stories. The annual average daily traffic count is approximately 49,000 vehicles per day.   Some of the major employment centers and landmarks in the immediate area include Miami International Airport which is approximately two miles North of the subject, downtown Coral Gables approximately two miles South, Downtown Miami approximately six miles East, and Port of Miami approximately seven miles to the East. In addition, all the major thoroughfares surround the property’s neighborhood such as the Dolphin Expressway (836) to the North, Palmetto Expressway, Interstate 75, and the Florida Turnpike to the West, and Interstate 95 to the East. The Downtown Miami and Brickell areas can be accessed by Southwest 8th Street or Flagler Street. The property’s centralized Miami location, high population density, and ease of access due to its proximity to all major thoroughfares surrounding the property are what make up some of the many reasons why this development site is so greatly sought after by residents and developers alike.

Investment Highlights

  • T6-8-O: Liberal Zoning That Allows for Various uses such as Retail, Multifamily, Medical, Office, and Self Storage
  • Corner Property with Left Turn In
  • Premium Coral Gables / West Miami Corridor
  • 49,000 Vehicles Per Day
  • Approved Self Storage Plans in Place: Shovel Ready, Fully Entitled 8 Story, Class A 77,000 SF Self Storage Facility

Exclusively Listed By

Commercial

SW 8th Street Development Site

Listing Price: $1,700,000

Lot Size
0.36 acres
Price/Acre
$4,742,059
Land Type
Land

Investment Highlights

  • T6-8-O: Liberal Zoning That Allows for Various uses such as Retail, Multifamily, Medical, Office, and Self Storage
  • Corner Property with Left Turn In
  • Premium Coral Gables / West Miami Corridor
  • 49,000 Vehicles Per Day
  • Approved Self Storage Plans in Place: Shovel Ready, Fully Entitled 8 Story, Class A 77,000 SF Self Storage Facility

Investment Overview

Marcus & Millichap is pleased to present for sale 5591 SW 8th Street, located on the Northwest edge of Coral Gables. The site is one block East of Red Road (Southwest 57th Avenue) on the North side of Southwest 8th Street, and within five miles of the subject property there are approximately 550,000 residents.   5591 SW 8th Street is zoned T6-8-O, allowing a density of up to 150 dwelling units per acre. The maximum number of units allowable is +/- 50 Units and the maximum height is eight stories. The annual average daily traffic count is approximately 49,000 vehicles per day.   Some of the major employment centers and landmarks in the immediate area include Miami International Airport which is approximately two miles North of the subject, downtown Coral Gables approximately two miles South, Downtown Miami approximately six miles East, and Port of Miami approximately seven miles to the East. In addition, all the major thoroughfares surround the property’s neighborhood such as the Dolphin Expressway (836) to the North, Palmetto Expressway, Interstate 75, and the Florida Turnpike to the West, and Interstate 95 to the East. The Downtown Miami and Brickell areas can be accessed by Southwest 8th Street or Flagler Street. The property’s centralized Miami location, high population density, and ease of access due to its proximity to all major thoroughfares surrounding the property are what make up some of the many reasons why this development site is so greatly sought after by residents and developers alike.

Exclusively Listed By

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