Property Details
| Asking Price | $8,000,000 |
|---|---|
| Price per SqFt | — |
| Maintenance fee | Inquire |
| Property Taxes | Not yet assessed |
| Interior Space | — |
| Beds/Baths | —/— |
| Year Built | 1972 |
| MLS # | A11970621 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
From the listing
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%.
Listed by Hawkins Commercial Realty
Sales History for This Home · 2650 SW 27th Avenue, Miami, FL 33133
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11549738 | $4,800,000 | 8/5/24 |
Listed by Hawkins Commercial Realty. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
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Location
The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.