117 Majorca Ave - Office FOR SALE


Coral Gables, FL 33134- Coral Gables Section
$2,750,000 USD
305-606-2252
117 Majorca Ave, Coral Gables, FL for Sale
$2,750,000 USD
Office - FOR SALE
1/33
null | Request Cap Rate

117 Majorca Ave
Coral Gables, FL 33134
Coral Gables Section


HIGHLIGHTS

  • In the heart of Coral Gables
  • Brand New Roof - 2024
  • Updated Electrical Systems - 2024

OVERVIEW

Prime Free-Standing Office Building for Sale in Coral Gables. Exceptional opportunity to acquire a well-maintained, two-story free-standing office building in the heart of Coral Gables. Built in 1971 and meticulously cared for by the same owner for over 40 years, this 3,832 SF building sits on a 5,050 SF lot with Mixed-Use 2 (MX2) zoning, offering excellent flexibility for a variety of commercial uses. Recent capital improvements include a brand-new roof and updated electrical systems completed in 2024. Currently 75% tenant occupied with short-term leases, the property provides immediate income with the ability to reposition or occupy. Includes six marked on-site parking spaces in the rear. A rare investment or end-user opportunity in one of South Florida’s most desirable business districts.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$734 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CB

APN/PARCEL ID

03-4108-007-0600

ASK ABOUT THIS PROPERTY

Jeff KoebelMontgomery & Koebel, IncMore Info
305-606-2252

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Jeff KoebelMontgomery & Koebel, IncMore Info
305-606-2252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.