2650 SW 27th Ave - Office FOR SALE


Miami, FL 33133- Northeast Coconut Grove
$8,000,000 USD
786-581-7990
2650 SW 27th Ave, Miami, FL for Sale
$8,000,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

2650 SW 27th Ave
Miami, FL 33133
Northeast Coconut Grove


HIGHLIGHTS

  • Located on north perimeter of Grove Central transit district
  • High visibility on SW 27th Avenue just north of US 1

OVERVIEW

Property is partially vacant, with significantly below market rents and short terms where leased. For an income investor, gross potential income is estimated to be $735K at market rents, indicating potential net operating income of +/- $525K assuming 5% vacancy, 3% for management, and 2.5% for maintenance & reserves. Usable and common area on first floor is 1,508 sf with remainder consisting primarily of covered parking. Second and third floors each have 9,396 sf of usable and common area. Common area factor is 25% in present configuration. This high-visibility property sits on the northern perimeter of the Grove Central transit area and is well within the radius required for general Transit Station Neighborhood District potential. Property currently consists of general office space, but building could be reconfigured for a medical user. Land may be available nearby to meet additional parking needs should a buyer wish to expand rentable area by building out all or part of the garage space in the first floor. Details regarding existing short-term leases, floor plans, and survey are available upon request.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$393 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Plaza 2650

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,600 SF

ZONING

T5-O

APN/PARCEL ID

01-4116-023-0060

ASK ABOUT THIS PROPERTY

James HawkinsHawkins Commercial RealtyMore Info
786-581-7990

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James HawkinsHawkins Commercial RealtyMore Info
786-581-7990

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