Coral Way Mixed-Use Office and Apartments Listing Details & Market Data

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 3,856 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 2,056 SF currently occupied by a Chiropractor Med Spa, and the second floor consisting of three (3) updated one bedroom / one bathroom multifamily apartment units of 600 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.