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Gelfand Realty Miami Properties for Sale - Commercial for Sale

27TH AVENUE GROVE CENTRAL TOD, MIAMI, FL 33133

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Commercial - for Sale

27TH AVENUE GROVE CENTRAL TOD, MIAMI, FL 33133

Asking Price$5,650,000 Change Price$300,000

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  • Lot size 18000sqft
  • Days on market:

    27 day(s)
  • Original Price:

    $6,100,000
  • Property Type:

    Commercial
  • Special Listing Conditions:

    Sale

Description

$5,650,000

***confidential offering- site address/full disclosures for qualified prospects only* amazing opportunity to own a substantially renovated freestanding building over 26,000 sq ft, on an 18,000 sq ft parcel! ideal prospects- owner-occupant (occupy 3rd floor open office space)- 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) investor/developer (hold and redevelop 62k buildable sf/5 floors t5-o + tod- in future with cash flows through shovel-ready). 200 units per acre +/- 3500 sf available after tenant recently relocated. perfect for an sba for a medical, legal and/or any practice. 36 parking spaces (19 covered). optional seller financing, stock sale for qualified prospects.

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