Multifamily Housing
506 Southwest 8th Avenue Miami, FL 33130
Details & Description
Call for Pricing
    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 Agents
    Mauricio Villasuso

    M: 305-340-8901
    mv@faustocommercial.com
    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.

    506 Southwest 8th Avenue

    Miami, FL 33130

    Listing ID: 214887
    506 Southwest 8th Avenue Miami, FL 33130 | for Sale | Photo 1
    Building Size: 4,000 SF
    Lot Size: 0.092 AC
    Land Size: 4,000 SF
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    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.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Miami History of Multifamily Housing for Sale

    Miami Area Market Trends

    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

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the building size of this Multifamily property in Miami, FL?
    The size of the building/unit at 506 Southwest 8th Avenue in Miami is 4,000 square feet
    How much land does the Miami, FL property at 506 Southwest 8th Avenue include?
    506 Southwest 8th Avenue in Miami includes 0.092 acres of land
    What is the population within 1 mile of 506 Southwest 8th Avenue in Miami?
    The population within 1 mile of 506 Southwest 8th Avenue Miami, FL 33130 is 69,554 people.
    Who do I contact for questions about 506 Southwest 8th Avenue?
    You should contact the listing agent, Mauricio Villasuso, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Miami International Airport (MIA) 5
    Fort Lauderdale Hollywood International Airport (FLL) 21
    Palm Beach International Airport (PBI) 64