StatusAccepting Backup Offers (Active Under Contract)
About 7290 SW 8th St
Redevelopment Opportunity. Spanning 2,988sf, this freestanding building sits on a spacious 10,450sf lot with prime location on the corner of 8th Street & SW 73rd Ave offering high traffic visibility. Built in 1953. Presently operating as Holiday Motel. Generated a monthly revenue of over $10K in 2022. Flexible BU-2 zoning designation, allowing a wide range of redevelopment possibilities, such as retail stores, restaurants, offices, banks, hotels, & more. In some cases, mixed-use development is also possible. Buyers should consult with experts to understand specific limitations & possibilities for this lot. Located minutes away from MIA. Easy access to the SR-826 & SR-836. Land also available for lease at $150k/year. Owner open to a long-term land lease.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
9
/10
Flagami Elementary School
920 SW 76th Ave
Distance between this listing and this school0.34 miles
Public District Grades PK-5
High School
3
/10
South Miami Senior High School
6856 SW 53rd St
Distance between this listing and this school2.93 miles
Public Magnet Grades 9-12
Assigned Schools
9
/10
Flagami Elementary School
920 SW 76th Ave
Distance between this listing and this school0.34 miles
Public District Grades PK-5
Nearby Schools
9
/10
Seminole Elementary School
121 SW 78th Pl
Distance between this listing and this school0.72 miles
Public District Grades PK-5
8
/10
Coral Terrace Elementary School
6801 Coral Way
Distance between this listing and this school1.10 miles
Public District Grades PK-5
Nearby Schools
2
/10
West Miami Middle School
7525 Coral Way
Distance between this listing and this school0.98 miles
Public Magnet Grades 6-8
7
/10
Rockway Middle School
9393 SW 29th Ter
Distance between this listing and this school2.50 miles
Public District Grades 6-8
4
/10
Ruben Dario Middle School
350 NW 97th Ave
Distance between this listing and this school2.62 miles
Public District Grades 6-8
Assigned Schools
3
/10
South Miami Senior High School
6856 SW 53rd St
Distance between this listing and this school2.93 miles
Public Magnet Grades 9-12
Nearby Schools
4
/10
Miami Coral Park Senior High School
8865 SW 16th St
Distance between this listing and this school1.74 miles
Public Magnet Grades 9-12
6
/10
Southwest Miami Senior High School
8855 SW 50th Ter
Distance between this listing and this school3.21 miles
The neighbors living near this home have an average income of $54,878. The most common annual income of people living in Miami, FL is between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7290 SW 8th St
What is the listing price of this property?
The listing price of 7290 SW 8th St property is $2,500,000.
What type of property is this?
The property 7290 SW 8th St is land located in Miami, Florida, 33144.
Is this property for sale now?
Accepting Backup Offers: 7290 SW 8th St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 7290 SW 8th St are: Flagami Elementary School: GreatSchools Rating 9/10South Miami Senior High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $9,958 (source: MLS/based on county public records data).
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This home is located at 7290 SW 8th St in Miami, FL and zip code 33144 in the North Coral Terrace neighborhood. This home sits on a 0.24 acre lot. It has been listed on Rocket Homes since September 07, 2023 and is currently priced at $2,500,000.
In March 2024, from all listings sold in Miami, FL there were more than 115 sold above asking price, over 619 sold below and more than 149 were sold right at the asked price. The number of homes for sale in Miami, FL increased by 9.1% between February 2024 and March 2024. The median list price of listings available in March 2024 was $540,091, while the average time on the real estate market was 59 days.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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