For Sale

Lung Yai Thai Tappas, 1731, Southwest 8th Street, Little Havana, Latin Quarter, Miami, United States

Miami-Dade County, FL 33135

$8,000,000

Highlights

  • 11,055 SF building on a 31,000 SF (0.71 acres) lot
  • Asking $724/SF

Property facts

Price
$8,000,000
Price per SF
$724/SF
Property type
Land development, Multi-family, Retail
Building size
11,055 SF
Lot size
31,000 SF (0.71 acres)

About this property

Mixed Use Calle Ocho Investment housing Iconic Lung Yai Restaurant. Positioned on Calle Ocho in the heart of Little Havana, this two-folio assemblage consists of 3 commercial units and 32 residential units situated on a 30,500 SF lot, offering strong in-place income and significant redevelopment potential in Miami’s fastest-growing urban neighborhoods. Little Havana continues to experience substantial growth due to its central location and connectivity to Miami’s major employment and lifestyle centers, including Downtown Miami, Brickell, Wynwood, the Health District, and Coral Gables. The property benefits from strong pedestrian traffic and prominent frontage along one of Miami’s most recognized commercial corridors. The asset is projected to generate approximately $640,000 in annual pro forma gross income and is home to the renowned Lung Yai Thai Tapas, one of Miami’s most iconic restaurant destinations. In addition to current cash flow, the site offers a compelling covered land play opportunity with long-term redevelopment upside in a supply-constrained market.

From the listing broker.

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Location

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