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$8,000,000
Est. payment /mo
20,335 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 20,335 sqft
Price per Sqft $393
MLS Listing ID A11970621
HOA Y/N No
Year Built 1972
Lot Size 0.427 Acres
Property Sub-Type Office
Property Description
Strategically positioned on the northern perimeter of the Coconut Grove Metrorail transit area, this high-visibility asset falls well within the radius qualifying for Transit Station Neighborhood District designation - opening the door to density upside on its current T5-O zoning. The building's first floor is primarily covered parking, with 96% of rentable area concentrated on the second and third floors. Existing short-term leases provide immediate income while preserving flexibility for repositioning. Floor plans, survey, and lease details are available upon request. Projected stabilized cap rate - applying market rents with reasonable assumptions for vacancy, management, maintenance, reserves, and leaseup costs - exceeds 6%.
Location
State FL
County Miami-dade
Area 41
Exterior
Private Pool Yes
Others
Tax ID 01-41-16-023-0060
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11970621
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Listed by Hawkins Commercial Realty
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