251 Madeira Avenue

251 Madeira Avenue, Coral Gables, FL 33134

  • For Sale $3,500,000
  • Property Type Multi-Family
  • Property Size 5,650 SF
  • Units 11
  • Lot Size 0.26 Acre
  • Additional Rent Contact for pricing
  • Year Built 1962
  • Date Updated Oct 6, 2024
MSP Group LLC is proud to have been appointed the exclusive listing broker for 251 Madeira Avenue Coral Gables, FL. 251 Madeira represents an extremely rare opportunity to acquire one of the few multifamily buildings in the epicenter of Coral Gables, FL with on-site parking for every unit. The property last sold 33 years ago and may very well not be sold again for another 30 plus years! 251 Madeira is walking distance to all the amenities and employment that can be found in downtown Coral Gables and Miracle Mile. Boasting a Walk Score of 93 known as a walker’s paradise, 251 Madeira is walking distance to numerous retail, dining, and employment centers. Coral Gables hosts over 10,000 businesses, including multinational corporations, regional headquarters, small businesses, and professional services. Around 200 multinational companies including household names like American Airlines, Bacardi, Fresh Del Monte Produce, HBO Latin America, and Hyatt have made Coral Gables their home. Coral Gables also has 20 consular and trade offices representing countries like Colombia, Italy, and Spain. Two of Coral Gables’s most notable newcomers include FIFA and Apple. FIFA has named Coral Gables as their Latin American headquarters and Apple will be leasing 45,000 SF of space in the newly developed Plaza. The vast majority of the above-mentioned companies are all walking distance from 251 Madeira. Just this year the City of Coral Gables made headlines as the ritziest neighborhood in the entire United States surpassing Beverly Hills. 251 Madeira is your opportunity to own an extremely well-located, income producing property in one of the most desirable cities in all of the United States of America and therefore the world. The property consists of a good blend of six studios, five 1-bedroom/1-bathroom units and one expansive 2-bedroom/2-bathroom unit. Built in 1962, this two-story building with beautifully landscaped front facade and well laid out parking lot in the rear. The property was constructed of concrete block with concrete decks between the 1st and 2nd floor and has a new tile roof, completely replaced only a few years ago by the current owner. While the property has been well cared for over the years, it represents a prime opportunity for a new owner to unlock the huge potential in the property with small improvements and a more aggressive leasing plan that will command rents that are dramatically higher than the rents currently in place.

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Attachments

Contacts

broker

Sam Mekras

MSP Group

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise
  • Transit Score ®

    40/100 Some Transit
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Coral Gables, FL
  • Neighborhood Douglas
  • Zip Code 33134
  • Market Miami

Points of Interest

  • Miami Airport

    2.82 miles

  • Miami Intermodal Center

    2.83 miles

  • MIA Station

    2.89 miles

  • Gates E2-E11

    2.94 miles

  • Gates E20-E35

    3.07 miles

  • 4

    3.22 miles

  • Hialeah Market

    3.82 miles

  • MiamiCentral

    4.31 miles

  • Brickell City Centre

    4.33 miles

  • Miami

    6.46 miles

  • Chevron

    0.57 miles

  • Shell

    0.68 miles

  • U gas

    1.25 miles

  • Marathon

    1.29 miles

  • Valero

    1.32 miles

  • Westar

    1.56 miles

  • BP

    1.63 miles

  • Tesla Supercharger

    3.00 miles

  • ChargePoint

    3.67 miles

  • ChargePoint Charging Station

    4.28 miles

  • Parking for Barnes & Noble

    0.52 miles

  • Hilton Miami Airport

    2.15 miles

  • Cocowalk Parking

    2.22 miles

  • Lot 72

    2.38 miles

  • Boat

    2.41 miles

  • Lot 209 (Red)

    2.44 miles

  • Lot 1-109A (Restricted)

    2.44 miles

  • Lot 2-109 (Red)

    2.46 miles

  • Lot 1-109 (Red)

    2.46 miles

  • Ponce De Leon Hotel

    0.13 miles

  • Courtyard Miami Coral Gables

    0.18 miles

  • Hyatt Regency Coral Gables

    0.41 miles

  • Hotel Colonnade Coral Gables, Autograph Collection

    0.44 miles

  • Aloft Coral Gables

    0.60 miles

  • David William Hotel Condo Association

    0.80 miles

  • Loews Coral Gables Hotel

    0.81 miles

  • Stardust Motel

    0.84 miles

  • Jamaica Motel

    0.87 miles

  • OYO Hotel Coral Gables - Miami Airport

    0.88 miles

  • Aromas del Peru

    0.14 miles

  • Domino's

    0.21 miles

  • Burger King

    0.25 miles

  • Zucca

    0.26 miles

  • Mint Leaf Indian Brasserie

    0.30 miles

  • Spritz

    0.37 miles

  • Miss Saigon

    0.39 miles

  • sushis Maki

    0.40 miles

  • Pummarola Coral Gable

    0.41 miles

  • Doc B's Restaurant + Bar

    0.44 miles

  • Coral Gables Elementary School

    0.23 miles

  • Academy for Community Education

    0.23 miles

  • Coral Gables School

    0.24 miles

  • Merrick School

    0.30 miles

  • Merrick Special Education Center

    0.32 miles

  • Yolandas Garden School

    0.34 miles

  • Kiddie Country Club School

    0.46 miles

  • Coral Gables School for Children

    0.70 miles

  • Banyan Day School

    0.75 miles

  • Jose Marti School 3rd Campus

    0.85 miles

  • Yolanda's Garden School

    0.32 miles

  • Bethel Day Care Center

    0.41 miles

  • Kid Station Day Care Center

    0.43 miles

  • Kiddie Country Club

    0.43 miles

  • New Sunrise Day Care Center

    0.51 miles

  • The Growing Place Day Care Center

    0.57 miles

  • Aurora Medina Family Day Care Home

    0.59 miles

  • Las Americas Day Care Center

    0.75 miles

  • Ebenezer Day Care Center

    0.88 miles

  • Snow White Day Care Center

    0.99 miles

Frequently Asked Questions

How much does 251 Madeira Avenue cost?

The space currently listed for sale at 251 Madeira Avenue asks for $3,500,000.

What is the total square footage of 251 Madeira Avenue?

251 Madeira Avenue totals 5,650 square feet.

When was this property built?

251 Madeira Avenue was built in 1962.

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Contact Listing Broker

broker

Sam Mekras

MSP Group