3707 1St StCoral Gables, FL 33134

Property Details for 3707 1St St

Year built

1926

Construction

CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

2,192 SF

Zone code

6100:COMMERCIAL,NEIGHBRHD

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01-4105-037-0600

APU

141050370600

Description

This exceptional two-suite executive office building, located at 3707 SW 1st Street in Coral Gables, Florida, offers a total of 4,275 square feet of meticulously renovated space. Completely vacant and ready for immediate occupancy, the property boasts a flexible layout with suites ranging from a minimum of 1,197 square feet to a maximum contiguous space of 3,078 square feet. Ideal for a single tenant seeking a substantial presence or multiple businesses looking for smaller, efficient units, this property presents a unique opportunity. The building features a total of eight parking spaces, providing ample convenience for tenants and clients. Situated on a 5,940 square foot lot, the two-story building underwent a complete renovation in 2022, ensuring modern amenities and a high-quality finish. The property is zoned T6-8-0 within Miami-Dade County and offers a prime location in the desirable Coral Gables area, with the address being 3707 SW 1st St, Coral Gables, FL 33134. This is a rare opportunity to secure a well-maintained, versatile commercial space in a highly sought-after location. The property's modern design and convenient amenities make it an ideal choice for businesses seeking a prestigious and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $2,027,967

  6.5%

  $1,871,969

  7%

  $1,738,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,142,740

  Geo Method

  $1,142,740

• Alternative Use

  Use

  Valuation

  Residential

  $1,871,969

  Hospitality

  $1,714,714

  Educational

  $1,426,622

  Medical

  $1,475,686

  Retail

  $2,219,190

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7712

Longitude

-80.2557

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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