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| Sold Price | $774,000 |
|---|---|
| Last Asking Price | $885,000 |
| Price per SqFt | — |
| Maintenance fee | $1,153 Monthly |
| Property Taxes | $9,858 2025 |
| Interior Space | — |
| Beds/Baths | —/— |
| Year Built | 2005 |
| Closed Date | 6/9/2026 |
| MLS # | A11934703 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Fees and taxes based on MLS provided figures, and may not be accurate
From the listing
Rare opportunity to acquire a premier 1,311 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. Air conditioned individualThis unit is "over-parked", featuring two 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, clients and guests. Two Entrances, one in office lobby and on side office. For rent also. 2026 no assesments Purchase additional parking spaces at $30,000 each 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*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
Listed by Lee Maloff Realty Inc
Sales History for This Home · The Minorca Unit 216
Sales history is unavailable for this property

Listed by Lee Maloff Realty Inc. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Coral Gables and throughout South Florida.
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Location
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