FOR SALE                 
    7% CAP RATE MEDICAL BUILDING!

  Plus! Development opportunity for 80,000 SF office project!

2700 SW 3 Ave.  Miami, Florida

 

Price: $3,775,000

Bldg. Size: 14,500 square feet                                

Site Size: 24,364 sq. ft. Corner Lot                                                              Zoning: 4800 SD3 (Overlay District)

Parking: 27 onsite, 13 adjacent offsite                                                        Total of 40 parking spaces

Projected Gross Income: $363,338

Projected Net Operating Income: $231,330

 

Remarks: Savvy investors will appreciate this well maintained medical office building on Coral Way in the heart of the Roads Financial District only three minutes to Downtown, Brickell and Key Biscayne. Ideally located, the property offers easy access to Jackson, Mercy and Coral Gables Hospital; a key benefit for physicians. There are only two medical centers between Brickell Ave. and Coral Gables, including this property. The corner lot is almost 25,000 square feet. The building has passed its 40 year Recertification. There are nine offices, all leased to physicians and one to an insurance company. All electrical and ac systems have been upgraded, including the elevator system. The property is fully ADA Compliant. Zoning is SD-3, permitting construction of an 80,000 square foot office building, providing the purchaser outstanding future development opportunities.  Solid income with quality tenants, future development potential and a superb Roads location make this an excellent investment.