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Calle Ocho Ground Lease 1888 SW 8th St 0.29 Acres of Commercial Land for Lease in Miami, FL 33135
Highlights
- (Calle Ocho), one of Miami's most iconic streets.
- Showcasing Latin American and Caribbean culture, Calle Ocho is the largest Hispanic street festival in the United States
- Home to the annual Calle Ocho Festival, celebrating Hispanic culture, drawing over 1 million attendees each year.
LOT Available
Display Rental Rate as
| Rental Rate |
|
Lot Size | 0.29 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 0.29 AC |
Little Havana 1888 — 1888 SW 8th St, Miami, FL 33135 Folio: 01-4110-063-2940 | Lot size: 12,597 SF | Zoning (Miami 21): T6-8-O (Urban Core) codehub.gridics.com Offering For Lease NNN. For Lease: NNN, long-term (rate negotiable) Structure: Mainland deals only; price to adjust with terms Seller financing: Available JV: Considered Property Overview Front-row location on Calle Ocho (SW 8th St) in Little Havana’s retail/cultural corridor—two blocks from Domino Park—with exceptional visibility, transit access, and year-round tourist + local foot traffic. Transit at your door MDT Route 8 runs along SW 8th St connecting West Kendall/Westchester to Brickell Metrorail/Metromover; high-frequency local service, 7 days/week. Miami-Dade County City of Miami Free Trolley (Little Havana Route) links Little Havana to Brickell Metrorail/Metromover, cultural sites, and schools; hours: Mon–Sat 6:30 AM–11:00 PM; Sun 8:00 AM–8:00 PM. City of Miami Official Little Havana Trolley Map available (stop coverage along SW 8th/Flagler). City of Miami Zoning Snapshot (T6-8-O) Miami 21 — Urban Core Zone permits a broad mix of high-intensity uses (residential, lodging, office, retail/restaurant, entertainment, civic) with urban, pedestrian-oriented frontage. Typical standards include multi-story massing set close to the frontage with frequent doors/windows to activate the street. (Refer to Miami 21, Article 4; verify project-specific metrics during due diligence.) City of Miami Heights from your notes: Min height: 2 stories Max height: 8 stories “Benefit height”: 4 stories (program-dependent; confirm via Miami 21 bonuses/administrative procedures for your sub-zone). (Always confirm FAR/lot coverage, parking ratios, frontage type, and any special overlays with the City’s zoning atlas.) map.gridics.com Right-fit programs to explore (illustrative): Mixed-use: ground-floor restaurant/retail + 4–8 stories multifamily/extended-stay or office above Hospitality: boutique hotel/inn leveraging cultural tourism + trolley/Metro connectivity Medical/office: neighborhood clinic, co-working, or creative office over activated retail Neighborhood & Demand Drivers (33135) Population: ~35,053 (ACS 2023 5-yr); density ~16,482/sq mi. Median household income: $37,757 (ACS 2023). Census Reporter (Good fit for value-oriented F&B and service retail; strong worker/tourist daytime population layers add spending power.) Market Analysis (Quick Read) Retail / Restaurant Leasing Recent Little Havana / W. Flagler asking rents commonly ~$35–$40/SF/YR NNN based on active listings (e.g., $40/SF at 1201–1223 W Flagler; $35/SF nearby garage retail). Use as a range marker for underwriting first-floor retail. LoopNet Wider submarket shows a broad band of retail ask rates (LoopNet aggregate view shows listings from the mid-teens to high-$30s+ depending on inline vs. corner, condition, and co-tenancy). LoopNet Comparable Investment Snapshot (context) A nearby strip center listing in Little Havana marketed with below-market $~14/SF rents and cap ~6.5% indicates rent-growth potential as older stock resets to corridor averages. (Use only as directional context—property types, condition, and tenancy vary.) thedelarosateam.com Access / Traffic SW 8th St (US-41) is a principal urban arterial. FDOT Traffic Online provides segment-level AADT—pull the count for the SW 8th @ ~SW 19th Ave segment during due diligence to support signage and drive-by exposure claims. tdaappsprod.dot.state.fl.us gis-fdot.opendata.arcgis.com Transit & Customer Capture Route 8 (83 stops end-to-end) funnels riders to Brickell Station, creating reliable footfall for QSR/coffee and daily-needs retail. Moovit Free Trolley lowers friction for visitors and employees (no fare, frequent headways), supports mode-shift away from limited on-site parking, and extends catchment to Brickell, Flagler, Jose Martí/Domino Park. City of Miami Why 1888 SW 8th St Works Brand-name visibility on Miami’s most storied corridor (Calle Ocho). Transit-rich, walkable front door (bus + free trolley + quick link to rail). Miami-Dade County Flexible T6-8-O envelope to tailor a single-parcel development: retail/restaurant at grade + residential/office/hospitality above. codehub.gridics.com Process Notes / Next Steps Confirm parcel-specific metrics in the Miami Zoning Atlas (frontage type, parking ratios, bonuses, any special overlays). map.gridics.com Pull FDOT AADT for the exact segment, and capture Route 8 stop placement + trolley stop map for the OM appendix. tdaappsprod.dot.state.fl.us Refresh rent comps within a 1-mile radius (Calle Ocho & W. Flagler) at LOI stage to price NNN ask by frontage/condition. Disclaimers Prepared by Alejandro Farias, Sigma Real Estate & Investments. Information is preliminary and subject to independent verification; agent/representatives make no warranties and assume no liability for errors/omissions or status changes. Consult legal/tax/land-use professionals; rely on updated city records and surveys. Confidential; distribution only for evaluation of this opportunity.
Property Overview
Development Potential Given the strategic location on SW 8th St, there are several attractive development opportunities. Mixed-Use Developments: Ground-floor retail or restaurant spaces with residential units above. Potential for vertical developments with commercial use on the first floor and multifamily housing or office spaces on upper floors. Hospitality and Lodging: Boutique hotels or inns to accommodate the influx of tourists visiting Little Havana. Office and Commercial Spaces: Development of office buildings catering to local businesses, startups, and co-working spaces. Retail establishments, entertainment venues, and food service businesses that serve both residents and tourists. Site Characteristics: The area features a network of small blocks, promoting walkability and a vibrant street life. Thoroughfares with wide sidewalks and steady tree planting create a pedestrian-friendly environment. Buildings Set Close to the Frontage: Buildings are designed to be set close to the frontage, with frequent doors and windows, enhancing street-level interaction and accessibility.
Property Facts
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Walk Score®
Walker's Paradise (94)
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Calle Ocho Ground Lease | 1888 SW 8th St
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