For Sale
$3,195,000

2971 Coral WayMiami, FL 33145

Miami Medical Office - Turnkey Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional two-story, 7,680 square foot medical office building in Miami, Florida, presents a unique investment opportunity. Located at 2971 Coral Way, this Class B property boasts 100% occupancy with a strong 6.00% cap rate and a desirable $416.02 price per square foot. Built in 1952 and renovated in 2018, the building sits on a 6,672 square foot lot with a private parking lot offering 13 spaces and abundant off-street parking. The property features a fully built-out interior, including partitioned treatment rooms, making it ideal for continued medical use or adaptable for other businesses. Zoned C-1, this single-tenant, net-leased building benefits from high visibility on a busy street with approximately 34,000 cars passing daily, less than half a mile from the heavily trafficked intersection of Coral Way and 32nd Avenue. The asking price is $3,195,000. This turnkey operation offers immediate income and significant potential for future growth. The property's location in the heart of Miami provides excellent access to a large patient base and a thriving commercial environment. The building's solid construction and recent renovations ensure long-term value and stability for the investor. This is a rare opportunity to acquire a high-performing medical office building in a prime Miami location.

Property Details for 2971 Coral Way

Property type
Office properties
Square Feet
7,680 SF
Class
B
Year Built/Renovated
1952/2018
Buildings
1
Stories
2
Units
10

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.750395
Longitude
-80.2417558
2971 Coral Way, Miami, Florida

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2971 Coral Way
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