2829 Bird Ave - Storefront FOR SALE


Miami, FL 33133- Northeast Coconut Grove
$8,700,000 USD
305-699-8667
2829 Bird Ave, Miami, FL for Sale
$8,700,000 USD
Storefront - FOR SALE
1/7
null | 6.21% Cap Rate


HIGHLIGHTS

  • Located in the heart of Coconut Grove, an affluent, high-barrier market known for upscale retail, dining, and top private schools.
  • ~3.0-year WALT across 9 diversified tenants, ~90% NNN with minimal expense leakage.
  • Rare sub-1,000 SF suite mix in one of South Florida’s tightest retail markets, supported by strong co-tenancy.
  • Zoned T5-O (65 DU/acre, up to 5 stories, no defined FAR).

OVERVIEW

AdviseCRE is pleased to present a premier investment opportunity to acquire the 100% fee simple interest in 2829 Bird Avenue, Coconut Grove, FL (“The Property – Grove Center”). This best-in-class 8,986 square-foot multi-tenant retail center is strategically positioned in the heart of the coveted Coconut Grove submarket. Grove Center is currently fully occupied by nine tenants, most operating within the health, wellness, and lifestyle sectors, each of whom has invested substantial capital into high-quality interior buildouts. The property sits on a 15,000 SF parcel zoned T5-O, offering a blend of long-term optionality and strong existing cash flow. Over the past three years, ownership has executed a thoughtful capital improvement plan, curating a highly complementary tenant, mix with strong co-tenancy and aligned customer bases. This merchandising strategy has created a cohesive ecosystem of operators that drive daily foot traffic and reinforce the center’s longterm stability. The asset is positioned for continued rent growth, benefiting from above-market annual escalations and the ongoing upward trajectory of the Coconut Grove retail market.

FOR SALE DETAILS

PRICE

$8,700,000 USD

PRICE/SF

$977 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grove Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,000 SF

ZONING

T5-O

APN/PARCEL ID

01-4116-033-0090

ASK ABOUT THIS PROPERTY

Christian ArrabalAdvisecreMore Info
305-699-8667

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Christian ArrabalAdvisecreMore Info
305-699-8667

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