2640 28Th LnMiami, FL 33133

This exceptional Miami retail property, located at 2640 SW 28th Lane, offers 30,000 square feet of versatile space ideal for a variety of uses, including grocery stores and restaurants. Boasting a prominent location at the entrance to Coconut Grove with high visibility on US-1 and SW 27th Avenue, this redevelopment opportunity benefits from exceptional access to major transportation routes, including proximity to Downtown/Brickell and I-95, as well as the Metrorail. The property features 14-foot high ceilings, multiple bay doors, and a new roof installed in 2020. The 34,000 square foot lot is zoned D-1, allowing for diverse commercial uses. Currently operating at 75% occupancy with a modified lease, the property has a remaining lease term of 2 years. The asking price is $14,200,000, representing a price per square foot of $473.33 and a 5.30% cap rate. The property enjoys an annual average daily traffic count of 82,000 vehicles and benefits from three-phase electrical capacity. Its strategic location near the Underline Phase 3 Coconut Grove section further enhances its appeal. This is a prime opportunity for investors seeking a high-traffic, well-connected location in a thriving Miami neighborhood.