Coral Way Mixed-Use Office and Apartments

2464 Coral Way, Miami, FL 33145

  • For Sale Motived Seller, Reviewing All Offers
  • Property Type Office - General Office
  • Property Size 3,950 SF
  • Units 6
  • Lot Size 0.11 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 14
  • Parking Ratio 3.89 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1956
  • Date Updated Dec 10, 2024
The property is well located directly fronting Coral Way, a major arterial thoroughfare connecting prestigious Coral Gables to Brickell neighborhoods.Lee & Associates presents for sale a multi-tenant mixed-use Office and Multifamily building directly fronting Coral Way in Miami, Florida. The property consists of 2 parcels including a 3,950 SF, two-story building with private surface parking lot including 14 total parking spaces plus street parking along Coral Way. The 6-unit mixed-use building offers an excellent investment opportunity with the three (3) commercial ground floor units over 2,000 SF with 1400 SF vacant perfect for a medical or professional office user with the remaining 600 SF occupied by a month to month office user, and the second floor consisting of three (3) updated one bedroom / one bathroom multifamily apartment units of 650 SF each featuring tile flooring throughout, stainless steel appliances, and modern bathroom vanities. The ground floor office user will vacate if needed, offering an incredible user opportunity for a medical or professional office on the ground floor with income-producing units from the multifamily units above. The property is located under the Miami21 Zoning ordinance, zoned T5-O allowing future owners the potential to redevelop to higher density mixed-use building types up to four stories by right that can accommodate retail and office uses with a multifamily component included. The property is well located with a public transit bus stop directly fronting Coral Way, a major arterial thoroughfare connecting prestigious Coral Gables to Brickell neighborhoods, and within walking distance to many amenities including Publix, CVS, Urgent Care, Restaurants, and Starbucks.
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Highlights

  • Amazing user opportunity for Medical or other professional offices on the ground floor with income above
  • Three apartments on the second floor, fully leased and provide more than enough income to cover property expenses
  • Redevelopment opportunity on a rare double lot, entitled for four stories by right
  • Signalized intersection allows for Easy ingress/Egress from Coral Way as well as the alley along the rear of the Property
  • Close to a wealth of amenities within walking distance, including Publix, CVS, Urgent Care, Restaurants and Starbucks
  • Easily accessible to public transportation with bus stop in front of the property

Contacts

broker
Todd Cohen

Lee & Associates South Florida

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable

  • Transit Score ®

    43/100 Some Transit

  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Miami, FL
  • Neighborhood Silver Bluff
  • Zip Code 33145
  • Market Miami

Points of Interest

  • Brickell City Centre

    2.95 miles

  • MiamiCentral

    3.13 miles

  • Miami Airport

    3.50 miles

  • Miami Intermodal Center

    3.55 miles

  • MIA Station

    4.03 miles

  • Gates E2-E11

    4.13 miles

  • Gates E20-E35

    4.31 miles

  • 4

    4.45 miles

  • Hialeah Market

    4.46 miles

  • Miami

    7.00 miles

  • Valero

    0.17 miles

  • Marathon

    0.21 miles

  • UGas

    0.34 miles

  • Westar

    0.37 miles

  • Shell

    0.78 miles

  • Chevron

    1.10 miles

  • BP

    1.12 miles

  • U Gas

    1.32 miles

  • ChargePoint Charging Station

    3.55 miles

  • ChargePoint

    4.32 miles

  • Boat

    1.20 miles

  • Lot 72

    1.29 miles

  • Parking for Barnes & Noble

    1.37 miles

  • Cocowalk Parking

    1.52 miles

  • Dinner Key Marina Parking

    1.60 miles

  • First Base Garage

    2.06 miles

  • Center Field Garage

    2.11 miles

  • Home Plate Garage

    2.24 miles

  • Hampton

    0.84 miles

  • San Juan Motel

    1.03 miles

  • Hyatt Regency Coral Gables

    1.27 miles

  • Courtyard Miami Coconut Grove

    1.30 miles

  • Residence Inn Miami Coconut Grove 3

    1.33 miles

  • Residence Inn Miami Coconut Grove

    1.35 miles

  • Residence Inn Miami Coconut Grove 2

    1.37 miles

  • Hotel Colonnade Coral Gables, Autograph Collection

    1.38 miles

  • The Ritz-Carlton Coconut Grove, Miami

    1.40 miles

  • Loews Coral Gables Hotel

    1.43 miles

  • Ponte Vecchio Ristorante e Pizzeria

    0.28 miles

  • Papa John's

    0.34 miles

  • Burger King

    0.48 miles

  • Domino's

    0.53 miles

  • Taco Bell

    0.65 miles

  • Groovys Pizza & Grill

    0.66 miles

  • Sergio's

    0.73 miles

  • Coral House Italian Restaurant

    0.77 miles

  • McDonald's

    0.77 miles

  • Pollo Tropical

    0.79 miles

  • Its A Small World Preschool

    0.22 miles

  • Coral Park Day School/Kindergarten

    0.31 miles

  • Jose Marti School

    0.40 miles

  • Little Shaver Number 1 Jose Marti School

    0.41 miles

  • Jose Marti School 1st Campus

    0.43 miles

  • Silver Bluff School

    0.49 miles

  • Our Lady of Fatima Academy

    0.51 miles

  • Shenandoah Middle School

    0.59 miles

  • Suniland Academy

    0.80 miles

  • Jose Marti School 3rd Campus

    0.81 miles

  • La Premiere Ecole

    0.01 miles

  • The Angels Place Day Care Center

    0.79 miles

  • Aurora Medina Family Day Care Home

    1.12 miles

  • Rodriguez Day Care Center

    1.15 miles

  • Mickey and Minnie Day Care Number 2

    1.16 miles

  • Child Care Laboratory

    1.24 miles

  • Saint Joseph's Child Care Center

    1.25 miles

  • Kid Station Day Care Center

    1.37 miles

  • Las Americas Day Care Center

    1.40 miles

  • New Sunrise Day Care Center

    1.40 miles

Frequently Asked Questions

How much does Coral Way Mixed-Use Office and Apartments cost?

The sale price for Coral Way Mixed-Use Office and Apartments is available upon request. Contact the listing broker for more information.

What is the total square footage of Coral Way Mixed-Use Office and Apartments?

Coral Way Mixed-Use Office and Apartments totals 3,950 square feet.

When was this property built?

Coral Way Mixed-Use Office and Apartments was built in 1956.

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Contact Listing Broker
broker
Todd Cohen

Lee & Associates South Florida