Listed by SVN | Three Rivers Commercial Advisors
$745,000
510 E 8th Ave
Details
APN 130-L-00294, 130-L-00292
Property Type Mixed Use
Square Footage 8,238
Units 4
Cap Rate 9.87%
NOI $73,512
Tenancy Multi
Pro-Forma Cap Rate 11.95%
Pro-Forma NOI $89,022
Price per SqFt $90
Buildings 1
Lot Size (SqFt) 8,264
Zoning R-3
Parking Spaces 14 spaces
Parking per 1,000 SqFt 1.70
Ground Lease No
About This Property
Marketing description
SVN Three Rivers Commercial Advisors is pleased to present this two parcel asset on E 8th Ave. in Homestead. 510 E 8th Ave. features Retail + 4 luxury apartments, and a 14 car parking lot. The property has been completely renovated (completely gutted/ everything new). All utilities are paid by the tenants except for the 1st floor retail space, leased by the Magistrate Office.
For more information and to inquire about the property visit: http://properties.svn.com/510E8thAve
Investment highlights
- 1 retail space, 4 residential units
- Leased retail space to magistrate's office
- Four residential apartments (three rented units and one owner-occupied unit)
- Extra lot included with a total of 14 parking spaces
- Situated in the rapidly developing East 8th Avenue corridor, less than 1 mile and a 5 minute drive from the Waterfront
Listing Contacts
Listed by SVN | Three Rivers Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,512.00
$6,126.00/mo
Valuation Metrics
0
DSCR
9.87%
Cap Rate
9.87%
ROI
Map
Zoning
B2 CommercialGeneral CommercialGeneral Business District
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View all 49 uses
View all 49 uses Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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