The site is a 14,000 SF nearly square corner lot located in the city of Miami, zoned T6-8-O with plans in place for an 83 room hotel, or an 8 unit mixed use apartment building with ground floor retail although a much denser building could be built up to 48 apartment units. Building plans could be made a part of the sale and combined are worth over $500k already spent by owner. Building permit has not been pulled yet but could easily be obtained by a new buyer using seller's construction drawings. Superbly located lot on a commanding corner of the major urban corridor that is the world renowned SW 8 ST, 'Calle Ocho'. This lot has excellent frontage and visibility with exceptional signage possibilities, being located at the intersection of SW 8 ST & SW 5 AV.