2650 Sw 27th Ave, Miami, FL 33133
- $8,000,000
- List Price
- $8,000,000
- MLS#
- A11970621
- Status
- ACTIVE
- Type
- Commercial
Property Description
Strategically positioned on the northern perimeter of the Coconut Grove Metrorail transit area, this high-visibility asset falls well within the radius qualifying for Transit Station Neighborhood District designation - opening the door to density upside on its current T5-O zoning. The building's first floor is primarily covered parking, with 96% of rentable area concentrated on the second and third floors. Existing short-term leases provide immediate income while preserving flexibility for repositioning. Floor plans, survey, and lease details are available upon request. Projected stabilized cap rate - applying market rents with reasonable assumptions for vacancy, management, maintenance, reserves, and leaseup costs - exceeds 6%.
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Additional Information
- Days on Market
- 175
- Parcel Number
- 01-41-16-023-0060
- Lot Size
- 18,600
- Address
- 2650 Sw 27th Ave, Miami
- Year Built
- 1972
- Section
- 16
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Listing Courtesy of Hawkins Commercial Realty, Contact: