Skip to main content

Office

Brickell West Office/Redevelopment Opportunity

1300 Coral Way, Miami, FL 33145

Listing Price: $5,200,000

Cap Rate
2.07%
Gross SF
15,835
Rentable SF
15,835
Price/Gross SF
$328.39
Lot Size
0.77 acres
Year Built
1954

Investment Overview

Marcus & Millichap is proud to present 1300 Coral Way, a three-story office building located in Miami, Florida. 1300 Coral Way consists of approximately 15,835 square feet of rentable space and was built in 1954. The subject property consists of three folios and is situated on a 0.77-acre parcel (or 33,345 square feet).

1300 Coral Way is currently 82% occupied with most of the tenants being on month-to-month leases. This provides an investor with a unique opportunity to take advantage of the short-term leases in place and increase rents to market rates. The property is zoned both T6-8-O and T3-O allowing for a potential redevelopment opportunity. With 1300 Coral Way being in close proximity to Coral Gables, Brickell, and Downtown Miami, this could be the perfect opportunity for a developer looking for a unique opportunity in a more affordable location.

The property is located just off Coral Way (SW 22nd Street) which has traffic counts of over 30,000 vehicles per day. Just two miles from the subject property is Brickell, one of South Floridas most popular shopping and dining destinations. Two miles west down Coral Way is Coral Gables, an affluent submarket with demand generators such as Shops at Merrick Park.

1300 Coral Way is the perfect value-add opportunity for an investor looking to capitalize on the below market rents and unique development opportunity.

Investment Highlights

  • Value-Add Medical Office with Redevelopment Opportunity
  • Located Directly on Coral Way with Traffic Counts of Over 30,000 VPD
  • Located in Close Proximity to Coral Gables, Brickell, and Downtown Miami
  • Zoned T6-8-O and T3-O

Exclusively Listed By

Office

Brickell West Office/Redevelopment Opportunity

Listing Price: $5,200,000

Cap Rate
2.07%
Gross SF
15,835
Rentable SF
15,835
Price/Gross SF
$328.39
Lot Size
0.77 acres
Year Built
1954

Investment Highlights

  • Value-Add Medical Office with Redevelopment Opportunity
  • Located Directly on Coral Way with Traffic Counts of Over 30,000 VPD
  • Located in Close Proximity to Coral Gables, Brickell, and Downtown Miami
  • Zoned T6-8-O and T3-O

Investment Overview

Marcus & Millichap is proud to present 1300 Coral Way, a three-story office building located in Miami, Florida. 1300 Coral Way consists of approximately 15,835 square feet of rentable space and was built in 1954. The subject property consists of three folios and is situated on a 0.77-acre parcel (or 33,345 square feet).

1300 Coral Way is currently 82% occupied with most of the tenants being on month-to-month leases. This provides an investor with a unique opportunity to take advantage of the short-term leases in place and increase rents to market rates. The property is zoned both T6-8-O and T3-O allowing for a potential redevelopment opportunity. With 1300 Coral Way being in close proximity to Coral Gables, Brickell, and Downtown Miami, this could be the perfect opportunity for a developer looking for a unique opportunity in a more affordable location.

The property is located just off Coral Way (SW 22nd Street) which has traffic counts of over 30,000 vehicles per day. Just two miles from the subject property is Brickell, one of South Floridas most popular shopping and dining destinations. Two miles west down Coral Way is Coral Gables, an affluent submarket with demand generators such as Shops at Merrick Park.

1300 Coral Way is the perfect value-add opportunity for an investor looking to capitalize on the below market rents and unique development opportunity.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower