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$3,595,000
Est. payment /mo
4,850 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Price per Sqft $741
MLS Listing ID A11854076
HOA Y/N No
Year Built 1940
Annual Tax Amount $48,894
Lot Size 5,000 Sqft
Property Sub-Type Retail
Property Description
Prime two-tenant net leased asset located at 274 Alhambra Circle in Coral Gables, Florida. Positioned along one of the city's most prominent business corridors, this 4,850-square-foot building sits on a 5,000-square-foot parcel, offering a rare investment opportunity in a high-barrier-to-entry market. Strategically situated in the heart of Coral Gables, the property boasts exceptional walkability and is just two blocks from Miracle Mile, the area's premier destination for dining, shopping, and entertainment. The asset presents significant future upside, as current rental rates avg $39 per square foot NNN, well below the prevailing market rates. Fully Built out Restaurant & Established Dry Cleaner with Over 30 Years of Operation. Attractive Owner Financing!
Location
State FL
County Miami-dade
Area 41
Exterior
Private Pool Yes
Others
Tax ID 03-41-08-006-2960
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11854076
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Listed by Landy Toledo LLC
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