***CONFIDENTIAL OFFERING- SITE ADDRESS/FULL DISCLOSURES FOR QUALIFIED PROSPECTS ONLY*
26.853 SF office building- 3 floors + 36 parking (covered + outdoor)- renovated 2018-2020 | 18,600 SF lot
88% leased- financials available for qualified/serious prospects only
Just 3 blocks from Coconut Grove, minutes to Coral Gables, Brickell & transit.
Value add- Redevelopment up to 5 stories & 62,801 SF (T5-O zoning) + bonus
TOD parking reduction up to 50% applies.
Occupy 3rd floor corner suite 304)- MASSIVE 35-40% upside in existing rents (market is $35-40 NNN) vs existing low $20s MG leased during pandemic and coming on renewals in 2024)
Add 2 floors to existing or (B) 62K buildable SF & floors T5-O
Optional stock sale for qualified prospects.
Commercial Sale For Sale
Leased 27th Ave Grove Central TOD, Miami, Florida 33133
- Patricia Calvet
-
contact@calvetrealty.com
