301 Altara AveCoral Gables, FL 33146

Property Details for 301 Altara Ave

Year built

2019

Property size (Sq ft)

252 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Retail space

APN

03-4120-074-2280

APU

341200742280

Description

This exceptional 1,597 square foot, Class A medical office space is available for lease in the prestigious Merrick Manor, a luxury mixed-use building in Coral Gables. Located on the ground floor, this single-tenant suite is fully built-out and move-in ready, featuring four treatment rooms, a reception and waiting area, one bathroom, and ample storage. The space is ideally suited for a variety of medical practices or other professional uses. Its prime location offers unparalleled visibility and accessibility, situated just steps from the upscale Shops at Merrick Park and the high-traffic intersections of Le Jeune Road and Bird Road. Merrick Manor itself boasts 227 luxury residences and 20,000 square feet of ground-floor retail space, creating a vibrant and thriving community. This ensures high foot traffic and exposure to a desirable demographic. The building is a ten-story structure with elevators, constructed in 2019. The surrounding area is home to numerous businesses and multinational corporations, making it an excellent location to establish or relocate your practice. This opportunity offers a unique blend of convenience, prestige, and high visibility within a thriving Coral Gables community. Don't miss this chance to secure a prime location in one of Coral Gables' most sought-after mixed-use developments.

• CAP approach

  CAP return

  Valuation

  6%

  $276,292

  6.5%

  $255,039

  7%

  $236,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $213,523

  Geo Method

  $213,523

• Alternative Use

  Use

  Valuation

  Residential

  $215,135

  Hospitality

  $197,063

  Educational

  $163,954

  Medical

  $169,592

  Retail

  $255,039

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7333

Longitude

-80.2614

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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