Historic Ball & Chain Building-Little Havana
9,180 SF | 100% Leased | Retail Building | Miami, FL 33135 | $8,750,000 ($953/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,750,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 9,180 SF
- Price / Square Foot
- $953
Listing Contacts
Arnaldo Cantero III
Verified Profile
Gregory Celentano
Verified Profile
- Property Info
Property Overview
BGRS Commercial Real Estate Advisory and Union Street Partners are pleased to present a rare opportunity to acquire a Historic Landmark that is the Home of the “World Famous” Ball & Chain Jazz Bar and Restaurant, the Little Havana Cigar Company, a Salsa Dance Studio, and the Famous Azucar Ice Cream shop all located 1501 SW 8 Street in the Entertainment District of Little Havana (Miami), FL. This is a rare opportunity to acquire not only a piece of Miami History, but also real estate in one of the most sought after retail blocks in South Florida.
Property Details
- Class
- C
- Year Built/Renovated
- 1926/2007
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 12,632 SF
Highlights
- Rare opportunity to acquire this Little Havana Historic Landmark which is located in the heart of the Famous Entertainment District of "Calle Ocho"
- New long-term lease to be signed with the “World Famous” Ball & Chain Jazz Bar and Restaurant upon the closing
- Co-tenants include Azucar Ice Cream, Little Havana Cigar, and Salsa Art Dance Studio
- Immediate upside in 2nd floor space of 2,500 SF, and long-term upside in rents in the ground floor spaces
- Centrally located in the City of Miami between Coral Gables, Brickell, and the Health District - 50,000 Vehicles Per day
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