242 Southwest 8th Street

Miami, FL 33130

232 242 250 SW 8th St

Listing ID: 187558

$26,500,000

For Sale

Lot Size Acres 0.643
Land Sq Ft 27,000
Land Price per Sq Ft $981.48

242 Southwest 8th Street Miami, FL 33130 - main image

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Description

APEX Capital Realty is pleased to present a truly unique development opportunity in the Brickell/Financial District of Miami. The assemblage comprises a total of 3 parcels and 28,000 Square Feet of buildable land. Zoned T6-24-0, the parcels allow for flexible development including mixed-use, retail, hospitality, multi-family and office.
Leading into the Brickell Financial, Residential and Hotel districts, the assemblage provides direct frontage on bustling Southwest 8th Street with over 13,500 cars passing on a daily basis, Direct access to Interstate-95, 1 block from the new Brickell City Centre and just 3 blocks from Brickell Avenue. Close to all major transportation hubs, optimal walkability as well as the upcoming Underline Miami, a 10-mile linear park, urban trail and public art destination.
Note: This assemblage allows for approximately 255,000 square feet of development, including 128 residential units or 257 hotel rooms.
Property Summary (232 SW 8TH ST)

Sale Price: $5,500,000
Lot Size: 7,000 SF
Building Size: 8,556 SF
Buildable SF: 64,000 SF
Zoning: T6-24-0
Property Summary (242-250 SW 8TH ST)

Sale Price: $21,000,000
Lot Size: 21,000 SF
Buildable SF: 191,100
Zoning: T6-24-0

Attachments & Files

232-242-250-sw-8th-stom-cjL-cEO.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		59,395	227,796	476,985
Population Median Age		40	40	41
Population by Age	0-9 Yrs	5053 (8%)	22450 (9%)	49073 (10%)
	10-19 Yrs	3454 (5%)	18240 (8%)	41381 (8%)
	20-29 Yrs	11289 (19%)	34737 (15%)	67632 (14%)
	30-39 Yrs	12490 (21%)	41707 (18%)	80590 (16%)
	40-49 Yrs	8778 (14%)	32971 (14%)	70764 (14%)
	50-59 Yrs	7296 (12%)	29874 (13%)	63188 (13%)
	60-69 Yrs	5486 (9%)	22192 (9%)	48248 (10%)
	70+ Yrs	5550 (9%)	25625 (11%)	56108 (11%)

Median HH Income		$52,810	$39,167	$39,992
Total Household Income	< 24K	9094 (31%)	32831 (35%)	64910 (34%)
	25-49K	5033 (17%)	21192 (22%)	43713 (23%)
	50-74K	4102 (13%)	12503 (13%)	26358 (14%)
	75-99K	3332 (11%)	8101 (8%)	16189 (8%)
	100-199K	4858 (16%)	11762 (12%)	24085 (12%)
	200K+	2896 (9%)	5865 (6%)	12398 (6%)

Highest Education Level	No Diploma	7207	38393	74960
	Diploma or GED	8321	47782	98645
	Some College	4955	20810	45683
	Assoc. Degree	2567	9984	23764
	Bachelors Degree	12592	32612	67456
	Higher Degree	11560	23451	47601

Total Housing Units		40,757	113,884	232,551
--Owner-Occupied		7,384	23,563	57,360
--Renter-Occupied		21,930	68,692	130,292
Owner-Occupied Values	< 100K	332	1688	4789
	100-199K	531	2923	9394
	200-299K	1189	4523	12306
	300-399K	1247	4380	8998
	400-499K	1118	3145	5651
	500K+	2966	6904	16222

Total Working Age Population		52,370	194,403	402,876
In Work Force		35,378	122,765	253,076
Not In Work Force		16,992	71,638	149,799
Workforce Employed		33,670	115,527	236,625
Workforce Unemployed		1,635	7,099	16,228
Civlian Workforce		35,305	122,625	252,853
Military Workforce		73	140	224

Total Households		29,315	92,254	187,652
Family Households		11,767	46,376	98,173
Non-Family Households		17,548	45,878	89,479
Married Couple		8,058	28,312	59,131
Other Family		3,709	18,064	39,042
Married w/Child		2,622	10,665	21,278
Single Male w/Child		343	1,674	3,371
Single Female w/Child		1,154	5,840	13,320

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Florida	15,982,378	+18	18,801,310	+14	21,517,610	+13	24,340,457
Miami-Dade County	2,253,362	+11	2,496,435	+15	2,861,579	+11	3,190,242

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.