3120-3138 Commodore Plz - Retail FOR SALE


Coconut Grove, FL 33133
$18,990,000 USD
786-235-8330
3120-3138 Commodore Plz, Coconut Grove, FL for Sale
$18,990,000 USD
Retail - FOR SALE
1/19
null | Request Cap Rate

3120-3138 Commodore Plz
Coconut Grove, FL 33133


HIGHLIGHTS

  • 3120-3138 Commodore Plaza presents an absolute, long-term, NNN ground-lease land tract of 0.44 acres.
  • Bond-Like (30-Yr TIPS) alternative with 3% compound increases and CPI protection.
  • An irreplaceable real estate investment opportunity; live local eligible.
  • The building is under a current demolition order from the City of Miami, the ground tenant is in default.

OVERVIEW

DWNTWN Realty Advisors is pleased to present a core Coconut Grove NNN ground-leased investment—offering a fee simple interest in 19,325 square feet of land with a 99-year ground lease (approximately 92 years remaining). The property is improved by a 37,581-square-foot, four-story mixed-use building located at 3120–3138 Commodore Plaza, in the central core of one of Miami’s most revered townships. The long-term lease features 3% annual compound increases and CPI protection, delivering stable, inflation-hedged income in a premier location surrounded by luxury residences, fine dining, and a thriving commercial scene. With substantial in-place income and built-in rent growth, this generational asset offers durable and predictable cash flow with safe-haven characteristics in one of South Florida’s most supply-constrained, high-barrier-to-entry markets.

FOR SALE DETAILS

PRICE

$18,990,000 USD

PRICE/SF

$505 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

T5-O

APN/PARCEL ID

01-4121-032-0009

ASK ABOUT THIS PROPERTY

Tony ArellanoDWNTWN Realty AdvisorsMore Info
786-235-8330

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

Tony ArellanoDWNTWN Realty AdvisorsMore Info
786-235-8330

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