76 Southwest 8th Avenue

MSP Group is proud to be the listing broker for the 8 multifamily units located at 76 SW 8th Avenue in the Florida City municipality of southern Miami-Dade County. The property consists of 6,278 net rentable square feet divided into three buildings, sitting atop a 20,700 square-foot lot. The 2 residential buildings each have four, 2-bedroom/1-bathroom units with each being about 680 square feet. There is an additional separate structure of 838 SF that can be used as a warehouse or a garage for income-producing purposes. An additional two multifamily units have been site-plan approved for the property, which would bring the total number of units to 10. The additional units would be able to be constructed at reduced costs by only being 1 story and utilizing the existing structure of the garage as 1 of the 2 additional units. The property, built in 1988, with concrete on-site parking and metal roofs installed less than 4 years ago. The property is located one block from Palm Drive, the main East-West corridor for Florida City. Apart from being the home to Florida City (City Hall), Palm Drive (AADT=27,500) provides a number of retailers including Dollar General, Family Dollar, Pizza Hut, Cricket Wireless, H&R Block, and others. South Dixie Highway (US-1) and its Florida Turnpike extension can be reached through a 1-mile drive eastward on Palm Drive. US-1 (AADT=32,000) is also a roadway with major retail presence, including Walgreens, Starbucks, Exxon, Wendy’s, Dunkin Donuts, and others. Other retail in the immediate area includes the Florida Keys Outlet Marketplace which is located at 1.3 miles from the property and offers multinational retailers such as Adidas, American Eagle, Carter’s, Bealls, Forever 21, GAP, Nike, and many others, including a food court. Primary and secondary education options for potential tenants include Avant School of Excellence directly in front of 76 SW 8th Avenue, Miami Community Charter School (>1-mile drive), Florida City Elementary School (0.6-mile drive), West Homestead K-8 Center (1.4-mile drive), Homestead Senior High School (2.0-mile drive). Miami-Dade College Homestead Campus is a 2.2-mile drive from the property. This gem of a property in Florida City allows tenants to easily access Palm Drive as well as the greater Miami area through US-1 and the Florida Turnpike. Due to its southern location, Florida City serves as the main residential offering for employees working in the Florida Keys.