Commercial property in Coral Gables, Florida № 1993333

ID1993333
$ 985 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Rare opportunity to acquire a premier 1,300 sf professional suite in the commercial corridor of Coral Gables . one block from Miracle Mile and steps from The plaza Coral Gables. this asset is designed for investors seeking stability and high demand features. This unit is "over-parked", featuring three assigned parking spaces city's strict requirements, providing a massive logistical advantage in this sub market. Furthermore, the building offers a competitive advantage that is nearly non existent in the area. COMPLIMENTARY VISITOR PARKING, ensuring a seamless and professional experience for clients and guests. Two Entrances, one in office lobby and on side office. For rent also. 2026 no assesments Investment highlights: *Location: The Corporate Hear of Coral Gables" Steps from Miracle Mile and Merrick Park) *Financials:6.25% CAP Rate with stabilized income until early 2027 *Parking Alpha: 3 Surplus Assigned spaces PLUS Building-wide Free Visitor Parking *Amenities Exclusive pool and Fitness Center access to Owners *Size 1311 sq ft.
*Office rent 2026 $4,804.14 monthly
*Excess parking income 3 X $120.00
*Rent increase 5% annually starting 2027
*NOI (2026): $36,143 Projected NOI 2030 $43,948
*Cap Rate estimated 6.25%
Currently yielding a 6.25% CAP RATE, the property is stabilized with a reliable tenant in place through early 2026.
Investment highlights:
Location: The "Corporate Heart" of Coral Gables, Steps from Miracle Mile and Merrick Park
MLS #: A11934703
Contact the seller
CityCoral Gables
Address2030 S Douglas Rd # 216, Coral Gables FL 33134
TypeCommercial property
Completion dateIV quarter, 2005
Parking places5
Price
- Price
- per m²
$ 985 000
- EUR €
- USD $
- RUB ₽
- GBP £
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