506 Southwest 8th Avenue

Miami, FL 33130

Listing ID: 214887
Call for Pricing
For Sale
  • Property Type Multifamily
  • Lot Size Acres 0.092
  • Building Sq Ft 4,000
  • Land Sq Ft 4,000
Description

4,000 Sq. Ft. Multi-Family vacant land site within Little Havana. T4-L Zoning is ideal for this dynamic submarket experiencing economic growth, sub 2% vacancies pushing rental rates higher and demand is ever stronger for mixed- use infill development like this. Density allows for 3 units however limited commercial applications are also allowed including a Bed & Breakfast which would double density to 6. This neighborhood is thriving thanks to it’s authentic and dynamic Carribean and Latin-American culture, cuisine, and the art galleries along the famous Calle Ocho. The nightlife is growing and attracts throngs of tourists year round. Nestled in the midst of Miami’s employment centers, the value here is apparent.

Listing Demographics for 506 Southwest 8th Avenue Miami, FL 33130

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 Population69,554387,014683,232
Population Median Age404141
Population by Age0-9 Yrs7002 (10%)41710 (10%)74136 (10%)
10-19 Yrs5584 (8%)29066 (7%)54842 (8%)
20-29 Yrs11399 (16%)48650 (12%)85675 (12%)
30-39 Yrs12607 (18%)76340 (19%)126461 (18%)
40-49 Yrs8984 (12%)58611 (15%)101787 (14%)
50-59 Yrs9245 (13%)49029 (12%)89548 (13%)
60-69 Yrs6274 (9%)39641 (10%)69242 (10%)
70+ Yrs8458 (12%)43966 (11%)81541 (11%)
Median HH Income$31,533$53,067$52,906
Total Household Income< 24K12478 (41%)48947 (29%)83811 (28%)
25-49K6974 (23%)31247 (18%)55645 (19%)
50-74K3475 (11%)21788 (13%)40723 (14%)
75-99K2781 (9%)17739 (10%)29997 (10%)
100-199K2763 (9%)27545 (16%)46660 (16%)
200K+1267 (4%)19273 (11%)33032 (11%)
Highest Education LevelNo Diploma138324954085398
Diploma or GED1448466350115740
Some College57573413562120
Assoc. Degree29711810036142
Bachelors Degree915267588120394
Higher Degree655563085102641
Total Housing Units34,954210,799370,295
--Owner-Occupied4,53951,93098,329
--Renter-Occupied25,198114,609191,539
Owner-Occupied Values< 100K32034986784
100-199K65040979738
200-299K8231142519621
300-399K639744513159
400-499K59953379622
500K+15082012839405
Total Working Age Population59,229325,461573,218
In Work Force37,587212,853372,525
Not In Work Force21,642112,609200,693
Workforce Employed35,599201,839352,646
Workforce Unemployed1,92110,84619,452
Civlian Workforce37,520212,685372,098
Military Workforce67168426
Total Households29,737166,540289,867
Family Households15,11083,645146,934
Non-Family Households14,62782,895142,934
Married Couple8,60955,90696,196
Other Family6,50127,73950,737
Married w/Child3,34321,28935,117
Single Male w/Child5652,9134,959
Single Female w/Child1,9328,72616,433

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Miami-Dade County2,253,362+112,496,435+152,861,579+113,190,242
Monroe County79,589-873,090+174,004074,301

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

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Listing Agent
More listings from Mauricio Villasuso
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