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Miami FL 33133 US

$5,300,000

Active Listing ID A11481163
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Office

$5,300,000

Active Listing ID A11481163
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***CONFIDENTIAL OFFERING- SITE ADDRESS/FULL DISCLOSURES FOR QUALIFIED PROSPECTS ONLY* Rare 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). 26.853 SF office building- 3 floors + 36 parking (covered + outdoor)- renovated 2018-2020 | 18, 600 SF lot 88% leased; 3 blocks from Coconut Grove, minutes to Coral Gables, Brickell & transit. Value add- Redevelopment up to 5 stories & 62, 801 SF (T5-O zoning) + bonus 35-40% upside in rents (market is $35-40 NNN) vs existing low $20s MG leased during pandemic (renewals in 2024) Add 2 floors or (B) 62K buildable SF & floors T5-O Optional stock sale for qualified prospects.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Office

Property

  • propertytype: Commercial Sale
  • propertysubtype: Office
  • listprice: 5300000
  • postalcity: Miami
  • stateorprovince: FL
  • country: US
  • postalcode: 33133
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingareaunits: Square Feet
  • listagentfullname: Rainier S Leon
  • listagentemail: rsleon@resf.com
  • listagentkey: 3yd-MAORFL-3205198
  • listagentmlsid: 3205198
  • listagentpreferredphone: 3059706682
  • listagentofficephone: 3053921497
  • listofficekey: 3yd-MAORFL-RESF01
  • listofficemlsid: RESF01
  • disclaimer: Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MAORFL
  • listagenturl: http://resf.com/
  • countyorparish: Miami-Dade County
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: False
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "Taxes":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/MAORFL/A11481163/?channel=rexren", "LeadRoutingEmail":"rsleon@resf.com", "BrokerName":"Real Estate Sales Force", "ListingTitle":"Office, Detached - Miami, FL", "ListOfficeBrokerMlsId":"0662364", "ListOfficeEmail":"J@RESF.COM", "ListOfficeAddress1":"814 Ponce De Leon Blvd", "ListOfficeAddress2":"Suite 503", "ListOfficeCity":"Coral Gables", "ListOfficePostalCode":"33134", "ListOfficeStateOrProvince":"FL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Real Estate Sales Force", "ListBrokeragePhone":"(305) 392-1497", "ListBrokerageEmail":"j@resf.com", "ListBrokerageWebsiteUrl":"http://resf.com/", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MAORFL/74999601d96d11e09b8400219b994c72/20130729211157002.png", "ListBrokerageUnparsedAddress":"814 Ponce De Leon #500", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Coral Gables", "ListBrokerageStateOrProvince":"FL", "ListBrokeragePostalCode":"33134", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-03-28T07:25:24Z"}
Listing Changed: 3/28/2024 2:05:27 PM GMT
Source Updated Date: 4/29/2024 6:53:03 AM GMT

Courtesy of: Rainier S Leon, Real Estate Sales Force, rsleon@resf.com

Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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