There is no favorite listings!
* Required Fields
Property Description

***CONFIDENTIAL OFFERING- SITE ADDRESS/FULL DISCLOSURES FOR QUALIFIED PROSPECTS ONLY*rnRare opportunity in corridor to capitalize on the extraordinary upside in rents and value add components (ie create add’l retail/office on ground floor by converting 50% of covered parking area within existing footprint).rnrn26.853 SF office building- 3 floors + 36 parking (covered + outdoor)- renovated 2018-2020 | 18,600 SF lot rn88% leased; 3 blocks from Coconut Grove, minutes to Coral Gables, Brickell & transit.rnValue add- Redevelopment up to 5 stories & 62,801 SF (T5-O zoning) + bonusrnrn35-40% upside in rents (market is $35-40 NNN) vs existing low $20s MG leased during pandemic (renewals in 2024)rnrnAdd 2 floors or (B) 62K buildable SF & floors T5-OrnrnOptional stock sale for qualified prospects.

Address Map
FL
Miami-Dade County
Miami
33133
Leased 27th Ave Grove Central TOD
W81° 45' 38.1''
N25° 44' 26.5''
MLS Addon
1
Sale
Free Standing
Click Here
0
12/02/2024 20:54:32

Leased 27th Ave Grove Central TOD, Miami, Florida 33133

$5,300,000
18,000 size sq.ft.
Listing ID #A11481163
Basic Details
Property Type Commercial Sale
Listing Type For Sale
Listing ID A11481163
Price $5,300,000
Days on Market 145
Building Area 27,000
Status Active
Property SubType Office
Lot Area 18,000 Sqft
List Date 2023-11-05
On Market Date 04/11/2023
Elena Beck
MiamiInvestrealty
* Required Fields
Style Selector
Select the layout
Choose the theme
Preset colors
No Preset
Select the pattern