For Sale $8,995,000
Property Type Office - General Office
Property Size 6,618 SF
Units 1
Lot Size 0.15 Acre
Building Class A
Year Built 2025
Date Updated Mar 29, 2024

The Property is located on the south side of Oak Avenue, between Virginia Street and Rice Street in Coconut Grove, prime urban center location. Coconut Grove's office market is thriving, with a vacancy rate of just 9.9% and strong absorption rates.REMAX 360 is pleased to present the opportunity of "OAK AVE GROVE SHOVEL READY OFFICE, a proposed 27,556 square-foot Class A mixed-use asset located in the vibrant community of Coconut Grove. Designed by renowned architects Arquitectonica, this sleek and modern building offers an exceptional investment opportunity. The property features four floors of class-A offices, a ground floor retail/commercial space, and an expansive open-air rooftop terrace boasting breathtaking views of Grove Harbor. The site spans 6,618 square feet and is zoned T5-O, reflecting its prime urban center location. Coconut Grove's office market is thriving, with a vacancy rate of just 9.9% and strong absorption rates. This area has seen significant investment activity, with annual sales volume averaging $22.1 million over the past five years. Don't miss out on the chance to own a piece of this flourishing market. For more information on The Grove Oak Building and to explore this lucrative investment opportunity, contact our experienced team at 360 Real Estate today. Opportunity being offered with plans

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Highlights

THE GROVE OAK Building PROPOSED
Net Rentable Area Office:
+/- 15,000 SF
Ground: 4547 SF
Roof Top: 3,436 SF
Total: 27,556 SF
Site Size: 6,618 SF | 0.152 Acres
Parcel Number: 01412-034-0310 Zoning T5-O,
Urban Center Zone The GROVE OAK is a proposed 27,556 square-foot Class A mixed-use asset envisioned with a bottom floor retail/commercial, open-air patio. The development will house four floors of class-A offices and an open-air rooftop terrace with direct views of Grove Harbor.
LOCATION AND ACCESS
The Property is located on the south side of Oak Avenue, between Virginia Street and Rice Street in Coconut Grove.

Contacts

Agustin Duarte

RE/MAX 360 Real Estate

(305) 450-5992

Location

Getting Around

Walk Score ®
97/100 Walker's Paradise
Transit Score ®
46/100 Some Transit
Bike Score ®
80/100 Very Bikeable

Map
Street

City Miami, FL
Neighborhood Northeast Coconut Grove
Zip Code 33133
Market Miami

Points of Interest

Coconut Grove

0.71 miles
Douglas Road

0.89 miles
Vizcaya

2.29 miles
University

2.47 miles
South Miami

3.45 miles
Brickell

3.65 miles
Financial District

3.67 miles
Tenth Street/Promenade

3.84 miles
Eighth Street

3.99 miles
Fifth Street

4.08 miles

BP

0.56 miles
Shell

0.68 miles
Marathon

1.14 miles
Valero

1.42 miles
UGas

1.58 miles
Westar

1.59 miles
Marathon

1.86 miles
Chevron

2.55 miles
Shell

2.55 miles
U Gas

2.71 miles

Cocowalk Parking

0.07 miles
Dinner Key Marina Parking

0.40 miles
Lot 72

0.48 miles
Boat

0.63 miles
Parking for Barnes & Noble

1.69 miles
Lot 302 (Red)

2.13 miles
Lot 201 (Restricted)

2.18 miles
Lot 209 (Red)

2.18 miles
Lot 727

2.29 miles
Lot 2-109 (Red)

2.30 miles

Mayfair House Hotel & Garden

0.07 miles
Residence Inn by Marriott Miami Coconut Grove 2

0.13 miles
Residence Inn by Marriott Miami Coconut Grove

0.16 miles
Hotel Arya, BW Premier Collection

0.17 miles
Residence Inn by Marriott Miami Coconut Grove 3

0.18 miles
Mr. C Miami - Coconut Grove

0.18 miles
The Mutiny Hotel

0.18 miles
The Ritz-Carlton Coconut Grove, Miami

0.20 miles
Commodore Inn the Grove

0.29 miles
Courtyard by Marriott Miami Coconut Grove

0.34 miles

Stirrups Calypso Bar

0.07 miles
Mayfair Grill

0.07 miles
The Cheesecake Factory

0.13 miles
Panorama Restaurant & Sky Lounge

0.14 miles
Jaguar Restaurant

0.15 miles
Genuine Pizza

0.15 miles
El Taquitos

0.18 miles
Poke 305 Grove

0.18 miles
Peacock Garden

0.20 miles
Focaccia Bistro

0.20 miles

Coconut Grove School

0.16 miles
Coconout Grove Elementary Head Start

0.17 miles
Saint Stephen's Episcopal School

0.17 miles
Saint Stephens School

0.21 miles
Academy of Arts and Minds School

0.28 miles
Aurora Academy

0.54 miles
Bryan Cares Preschool

0.56 miles
Ransom Everglades School

0.56 miles
Saint Hugh Church and School

0.58 miles
Pangaea Exploration

0.63 miles

Ranson Everglades Children's Center

0.35 miles
Saint Albans Day Nursery Number 3

0.51 miles
Mickey and Minnie Day Care Number 2

0.66 miles
World of Children Day Care Center

0.66 miles
Taylor Day Care Center

0.67 miles
Westbrook Day Care Center

0.80 miles
Child Care Laboratory

0.89 miles
Saint Alban's Day Nursery

0.93 miles
The Angels Place Day Care Center

1.01 miles
La Premiere Ecole

1.46 miles

Frequently Asked Questions

What is the lease rate for 2940 OAK BUILDING?

Rental asking rate at 2940 OAK BUILDING is $4,497,500.00/YR.

What is the total square footage of 2940 OAK BUILDING?

2940 OAK BUILDING totals 6,618 square feet.

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