Commercial property in Coral Gables, Florida № 670279
22
ID670279
$ 6 000 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property description
Remarkable opportunity in the heart of Coral Gables – an exquisite commercial building on the prestigious Biltmore Way. This self-standing gem boasts an impressive 1,959 sq. ft. located in the ultimate location within the Coral Gables commercial/residential district. The space features include high ceilings, granite floors, signage, 2 bathrooms, 2 zone HVAC, Alarm System, Laundry facility, a kitchen, 3 assigned parking spaces, and plenty of street-metered parking. Existing tenant is a long time high-end successful hair salon and spa, but this space offers an opportunity for other business uses including medical, banking, licensed professionals and more. This property also presents versatility that paves the way for future development options such as luxury condos, mixed use projects.MLS #: A11433677
Coral Gables - Statistics
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| Parameters | Coral Gables |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 995.00 |
| Apartment (1 bedroom) Outside of Centre | $ 2 030.00 |
| Apartment (3 bedrooms) in City Centre | $ 4 800.00 |
| Apartment (3 bedrooms) Outside of Centre | $ 3 495.00 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 11 463.56 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 12 378.50 |
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| Parameters | Coral Gables |
|---|---|
| Rent Index | 66.00 |
| Restaurant Price Index | 83.99 |
| Property Price to Income Ratio | 10.22 |
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| Parameters | Coral Gables |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 15.00 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 80.00 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 12.00 |
| Domestic Beer (0.5 liter draught) | $ 6.00 |
| Imported Beer (0.33 liter bottle) | $ 7.00 |
| Coke/Pepsi (0.33 liter bottle) | $ 2.50 |
| Water (0.33 liter bottle) | $ 1.86 |
| Cappuccino (regular) | $ 5.00 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.19 |
| Loaf of Fresh White Bread (500g) | $ 4.15 |
| Eggs (regular) (12) | $ 3.99 |
| Local Cheese (1kg) | $ 19.50 |
| Water (1.5 liter bottle) | $ 1.23 |
| Bottle of Wine (Mid-Range) | $ 22.00 |
| Domestic Beer (0.5 liter bottle) | $ 1.73 |
| Imported Beer (0.33 liter bottle) | $ 3.25 |
| Cigarettes 20 Pack (Marlboro) | $ 6.50 |
| Apples (1kg) | $ 5.51 |
| Chicken Fillets (1kg) | $ 12.15 |
| Oranges (1kg) | $ 5.05 |
| Potato (1kg) | $ 3.37 |
| Lettuce (1 head) | $ 2.69 |
| Rice (white), (1kg) | $ 4.56 |
| Tomato (1kg) | $ 5.14 |
| Banana (1kg) | $ 1.57 |
| Onion (1kg) | $ 3.04 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 21.58 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 2.25 |
| Monthly Pass (Regular Price) | $ 112.50 |
| Gasoline (1 liter) | $ 0.78 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 18 230.00 |
| Taxi Start (Normal Tariff) | $ 2.95 |
| Taxi 1km (Normal Tariff) | $ 2.36 |
| Taxi 1hour Waiting (Normal Tariff) | $ 24.00 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 21 427.00 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 167.01 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 60.00 |
| $ 40.00 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 5 833.33 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.76 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 269.00 |
| Cinema, International Release, 1 Seat | $ 16.00 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 59.75 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 25.00 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 87.67 |
| 1 Pair of Men Leather Business Shoes | $ 103.33 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 450.00 |
| International Primary School, Yearly for 1 Child | $ 43 300.00 |
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
Contact the seller
CityCoral Gables
Address520 Biltmore Way, Coral Gables FL 33134
TypeCommercial property
Completion dateIV quarter, 1957
Parking places3
Parking typeOpen air
Price
- Price
- per m²
$ 6 000 000
- EUR €
- USD $
- RUB ₽
- GBP £
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