Two (2) Buildings For Sale:
117 Grand Avenue: Single story ground floor retail office building (2000 SF) fronting Grand Avenue. Leased until 12/31/2028 with gross rent starting at $7500 and increasing to $8250 monthly.
119 Grand Avenue: Two story vacant building (2000 SF) at rear of property. Ready for renovation with approved permits for office building
Property located in an Opportunity Zone, which can allow buyer to defer capital gains on the sale of another investment and not pay any capital gains tax on the sale of this property, if held for 10 years...please check with your accountant and attorney.
Property would be entitled to Transferable Development Rights (TDR's), when the city approves an amendment to their ordinance to include on all commercial properties that are contributing structures to a historic district as receiving sites for TDR's. TDR's can be sold to other property owners.
Great property for owner user with frontage on upcoming Grand Avenue...the Gateway to Coconut Grove and Coral Gables.