2940 Oak Ave Miami, FL 33133

This exceptional investment opportunity presents a fully entitled, shovel-ready development site in Miami's desirable Coconut Grove neighborhood. The proposed five-story Class A office building, slated for completion in 2025, will encompass approximately 27,000 to 29,000 square feet, with 18,672 square feet of net rentable space. The design includes a ground floor for commercial use, four floors of premium office space, and a desirable rooftop amenity area. Located on Oak Avenue, this prime 6,618 square foot (0.152-acre) lot is zoned T 5 0, offering significant potential for high returns. The property benefits from its location in a thriving market, with current office space commanding rental rates of $100 to $120 per square foot. The site was cleared in 2023, and all necessary approvals are in place, making this a truly "shovel-ready" project. The asking price is $8,995,000, representing a fee simple ownership opportunity. This is a rare chance to acquire a fully entitled development project in one of Miami's most sought-after locations. The property is vacant and ready for immediate construction, offering a unique opportunity for a quick return on investment. The gross lease structure provides straightforward management. Parcel number is 01-4121-034-0310.