1801 Coral Way - Medical FOR SALE


Miami, FL 33145- Coral Way
$8,500,000 USD
305-498-1686
1801 Coral Way, Miami, FL for Sale
$8,500,000 USD
Medical - FOR SALE
1/48
null | 10.29% Cap Rate

1801 Coral Way
Miami, FL 33145
Coral Way


HIGHLIGHTS

  • Heavy daily foot and car traffic
  • Main Street Exposure
  • Plenty of Parking with an additional Parking lot

OVERVIEW

Coral Way Building – Exceptional Off-Market Opportunity in Miami ?? Address: 1801 SW 22nd Street, Miami, FL 33145 ?? Asking Price: $8,500,000 ?? Total Rentable Area: 33,657 Sq. Ft. ?? Price/Sq. Ft.: $253 (vs. $802+ market average) ?? Zoning: T5-O (Mixed Use) + T3-R (Residential Parcel) ?? Parking: 41 Total Spaces (15 + 26) Overview: Step into one of Miami’s most strategic commercial investments with this off-market gem located directly on Coral Way, a major East-West corridor bridging Coral Gables, Brickell, and Coconut Grove. The Coral Way Building presents investors with a rare opportunity to acquire a mixed-use asset with strong in-place income, an improved turnkey restaurant space, and significant long-term upside. Key Features: ? 33,657 SF Mixed-Use Asset across two folios with premium exposure ? 6,400 SF Turnkey Restaurant Space projected to generate $3.5M in sales annually ? Projected Restaurant Rent Revenue: $311,500/year starting 2026 ? Building NOI (Excluding Restaurant): ~$585,000/year ? Total Combined NOI (2026+): Over $875,000/year ? Seller Financing Available: Up to 50%, 6% interest, 3–5 year term ? High Visibility Location: 47,500+ vehicles/day ? 75% Occupied with reliable tenant base and room for lease-up ? Zoning & Redevelopment Potential with residential parcel included ? CAP Rate: ~10.29% ? Total NOI (2026 and Onward) 585,000  (Building) + 292,833 (Restaurant) = $ 877,833 ? Investment Highlights: Below market price at $253/SF, offering immediate equity upside Located in one of Miami’s fastest-growing corridors with walkability and traffic volume ideal for food, retail, and service-oriented tenants Fully improved restaurant space allows for turnkey operations, minimizing downtime for new tenant occupancy Multiple revenue streams: base rent, NNN recoveries, and restaurant percentage rent Significant appreciation potential and long-term stability via diversified tenancy and asset mix Ideal For: ?? Investors | ?? 1031 Exchange Buyers | ?? Restaurateurs | ?? Owner-Users | ?? Developers

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

10.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

T5-O

APN/PARCEL ID

01-4110-048-0420

ASK ABOUT THIS PROPERTY

Gustavo PortillaViva InvestmentMore Info
305-498-1686

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Gustavo PortillaViva InvestmentMore Info
305-498-1686

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