2650 SW 27th Ave, Miami FL 33133

About This Property

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%.

Property Details

Property Type

Office

Status

Active

MLS #

A11970621

Building Area

20,335 SF

Lot Size

18,600 SF

Year Built

1972

Zoning

6101

Days on Market

122

Price

$8,000,000