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
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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