119 Grand Ave - Office FOR SALE


Miami, FL 33133
$1,950,000 USD
305-854-1919
119 Grand Ave, Miami, FL for Sale
$1,950,000 USD
Office - FOR SALE
1/8
null | 4% Cap Rate

119 Grand Ave
Miami, FL 33133


HIGHLIGHTS

  • Located between Coconut Grove and Coral Gables
  • Frontage on Grand Avenue
  • Charming historic buildings

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$515 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

MX1

APN/PARCEL ID

03-4120-006-0910

ASK ABOUT THIS PROPERTY

Mike LuisLuis PropertiesMore Info
305-854-1919

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Mike LuisLuis PropertiesMore Info
305-854-1919

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