1568 SW 7TH ST

1568 SW 7TH ST

PRICE

$ 2,300,000

Description

Little Havana Iconic Adaptive Re-use Food & Beverages or Hospitality Site. El Jardin at 1568 SW 7 St is one of little Havana’s prettiest building complexes, and a wonderful opportunity for adaptive re-use. The site has 3 architecturally attractive buildings well-distributed around a central courtyard on a 13,000sf lot. The site has shovel-ready, fully approved plans, to completely renovate the property for 19 studio apartments which can be managed as standard apartments or as approved short-term/hotel stays. Alternatively, building can be re-purposed for restaurant uses. What most sets the site apart is its location along Little Havana’s Main Street Corridor and Tourist Central of Calle Ocho/SW 7 st. The strip attracts over 3 million tourists a year, aside from the flood of local Miamian’s who now call calle ocho their preferred nighttime hangout. The Property is located on the most exciting block in Little Havana, which includes Ball & Chain, Union Beer Store, El Santo Taqueria, Tower Theater, Azucar Ice Cream, and much more, an area where retail rents are approaching $60psf. All this means an abundance of local clientele and open pocketbooks for whatever business establishes itself at this site. Sw 7 st fronting the property is also the main exit route from Brickell, and provides quick access to coral gables, airport, and more; with a dedicated high-frequency transit route, for excellent mobility to/from the site. Little Havana is centric to all the major employment center of our city, with great connectivity to them, and a booming development movement which is rapidly adding higher-income rooftops to the area.

Details

Property Use:
Property Type:
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Building Size:
4600
Building Class:
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Year Built:
No. Of Units
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LOT SIZE:
13,300
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Gallery

BROKERS

Mauricio Villasuso

mv@faustocommercial.com

3053408901