For Sale Motived Seller, Reviewing All Offers
Property Type Office - General Office
Property Size 3,950 SF
Units 6
Lot Size 0.11 Acre
Parking Spaces Avail. 14
Parking Ratio 3.89 / 1,000 SF
Property Tenancy Multi-Tenant
Building Class C
Year Built 1956
Date Updated Apr 19, 2024

The property is well located directly fronting Coral Way, a major arterial thoroughfare connecting prestigious Coral Gables to Brickell neighborhoods.Lee & Associates presents for sale a multi-tenant mixed-use Office and Multifamily building directly fronting Coral Way in Miami, Florida. The property consists of 2 parcels including a 3,950 SF, two-story building with private surface parking lot including 14 total parking spaces plus street parking along Coral Way. The 6-unit mixed-use building offers an excellent investment opportunity with the three (3) commercial ground floor units over 2,000 SF with 1400 SF vacant perfect for a medical or professional office user with the remaining 600 SF occupied by a month to month office user, and the second floor consisting of three (3) updated one bedroom / one bathroom multifamily apartment units of 650 SF each featuring tile flooring throughout, stainless steel appliances, and modern bathroom vanities. The ground floor office user will vacate if needed, offering an incredible user opportunity for a medical or professional office on the ground floor with income-producing units from the multifamily units above. The property is located under the Miami21 Zoning ordinance, zoned T5-O allowing future owners the potential to redevelop to higher density mixed-use building types up to four stories by right that can accommodate retail and office uses with a multifamily component included. The property is well located with a public transit bus stop directly fronting Coral Way, a major arterial thoroughfare connecting prestigious Coral Gables to Brickell neighborhoods, and within walking distance to many amenities including Publix, CVS, Urgent Care, Restaurants, and Starbucks.

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Attachments

Lee SFL Brochure - 2464 Coral Way (PDF) opens in new window

Highlights

Amazing user opportunity for Medical or other professional offices on the ground floor with income above
Three apartments on the second floor, fully leased and provide more than enough income to cover property expenses
Redevelopment opportunity on a rare double lot, entitled for four stories by right
Signalized intersection allows for Easy ingress/Egress from Coral Way as well as the alley along the rear of the Property
Close to a wealth of amenities within walking distance, including Publix, CVS, Urgent Care, Restaurants and Starbucks
Easily accessible to public transportation with bus stop in front of the property

Contacts

Todd Cohen

Lee & Associates South Florida

(786) 385-9478

Location

Getting Around

Walk Score ®
87/100 Very Walkable
Transit Score ®
43/100 Some Transit
Bike Score ®
57/100 Bikeable

City Miami, FL
Neighborhood Silver Bluff
Zip Code 33145
Market Miami

Points of Interest

Coconut Grove

0.75 miles
Vizcaya

1.49 miles
Douglas Road

1.70 miles
Brickell

2.66 miles
Financial District

2.76 miles
Tenth Street/Promenade

2.85 miles
Eighth Street

2.95 miles
Culmer

2.95 miles
Fifth Street

3.01 miles
Civic Center

3.02 miles

Valero

0.17 miles
UGas

0.34 miles
Westar

0.37 miles
Shell

0.78 miles
Marathon

0.84 miles
Chevron

1.10 miles
BP

1.12 miles
U Gas

1.32 miles
Shell

1.55 miles
Shell

1.57 miles

Boat

1.20 miles
Lot 72

1.29 miles
Parking for Barnes & Noble

1.37 miles
Cocowalk Parking

1.52 miles
Dinner Key Marina Parking

1.60 miles
First Base Garage

2.06 miles
Center Field Garage

2.11 miles
Home Plate Garage

2.24 miles
Third Base Garage

2.29 miles
Extended Stay America Hotel Parking Lot

2.41 miles

Hampton

0.84 miles
San Juan Motel

1.03 miles
Hyatt Regency Coral Gables

1.27 miles
Courtyard by Marriott Miami Coconut Grove

1.30 miles
Residence Inn by Marriott Miami Coconut Grove 3

1.33 miles
Residence Inn by Marriott Miami Coconut Grove

1.35 miles
Residence Inn by Marriott Miami Coconut Grove 2

1.37 miles
Hotel Colonnade Coral Gables, Autograph Collection

1.38 miles
The Ritz-Carlton Coconut Grove, Miami

1.40 miles
Casa Trinidad at #1

1.46 miles

Ponte Vecchio Ristorante e Pizzeria

0.28 miles
Burger King

0.48 miles
Taco Bell

0.65 miles
Sergio's

0.73 miles
Coral House Italian Restaurant

0.77 miles
McDonald's

0.77 miles
Pollo Tropical

0.79 miles
Subway

0.80 miles
Dunkin'

0.81 miles
Pizza Hut

0.84 miles

Its A Small World Preschool

0.22 miles
Coral Park Day School/Kindergarten

0.31 miles
Jose Marti School

0.40 miles
Little Shaver Number 1 Jose Marti School

0.41 miles
Jose Marti School 1st Campus

0.43 miles
Silver Bluff School

0.49 miles
Our Lady of Fatima Academy

0.51 miles
Shenandoah Middle School

0.59 miles
Suniland Academy

0.80 miles
Jose Marti School 3rd Campus

0.81 miles

La Premiere Ecole

0.01 miles
The Angels Place Day Care Center

0.79 miles
Aurora Medina Family Day Care Home

1.12 miles
Rodriguez Day Care Center

1.15 miles
Mickey and Minnie Day Care Number 2

1.16 miles
Child Care Laboratory

1.24 miles
Saint Joseph's Child Care Center

1.25 miles
Kid Station Day Care Center

1.37 miles
Las Americas Day Care Center

1.40 miles
New Sunrise Day Care Center

1.40 miles

Frequently Asked Questions

What is the total square footage of Coral Way Mixed-Use Office and Apartments?

Coral Way Mixed-Use Office and Apartments totals 3,950 square feet.

When was this property built?

Coral Way Mixed-Use Office and Apartments was built in 1956.

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