306 Alcazar AveCoral Gables, FL 33134

Property Details for 306 Alcazar Ave

Year built

1984

Construction

CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

35,484 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Office properties

Property subtype

Office buildings

APN

03-4108-006-2410

APU

341080062410

Description

This exceptional four-story office building in Coral Gables, Florida, presents a compelling investment opportunity for owner-occupiers, investors, and developers. Located at 306 Alcazar Ave, 33134, this property boasts a substantial gross living area of 35,484 square feet and an adjusted living area of 25,032 square feet. The building currently features twelve fully occupied offices, providing immediate and consistent cash flow. Ample parking is available with 40 spaces conveniently located on the property. Recent improvements include a brand-new elevator installation, and the building has successfully completed its 40-year recertification. This prime Coral Gables location offers excellent visibility and accessibility. The asking price is $10,650,000. Attractive owner financing is available with a competitive interest rate and a 30% down payment. This is a rare opportunity to acquire a well-maintained, income-producing office building in a highly desirable location. Contact us today to learn more about this exceptional investment opportunity and explore the owner financing options. The property is situated in Miami-Dade County and benefits from its strategic location within Coral Gables.

• CAP approach

  CAP return

  Valuation

  6%

  $26,281,460

  6.5%

  $24,259,810

  7%

  $22,526,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,856,993

  Geo Method

  $11,856,993

• Alternative Use

  Use

  Valuation

  Residential

  $30,082,164

  Hospitality

  $27,555,100

  Educational

  $22,925,520

  Medical

  $23,713,964

  Retail

  $35,661,920

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7526

Longitude

-80.2612

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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