337 Alcazar AveCoral Gables, FL 33134

Property Details for 337 Alcazar Ave

Year built

1947

Construction

CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

1,890 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

03-4108-006-1630

APU

341080061630

Description

This exceptional Coral Gables property offers a unique blend of commercial and residential space, perfect for the discerning professional. The building encompasses a total of 2,500 square feet, divided into a 1,200 square foot office and a 1,200 square foot, two-bedroom, one-bathroom apartment. This versatile layout provides an ideal work-live-play environment in a highly desirable location. The property is zoned 5004 and features four dedicated parking spaces, a significant advantage in this area. Its central location, just three blocks from Miracle Mile and Ponce de Leon Boulevard, places it within easy walking distance of Coral Gables' vibrant shopping, dining, and entertainment scene. This presents a rare opportunity to own a mixed-use property in the heart of one of Miami's most prestigious neighborhoods. The single-tenant occupancy simplifies management, while the combined office and residential spaces offer significant flexibility and potential for diverse uses. The property's APN is 03-41-08-006-1630. This is an excellent investment opportunity for those seeking a high-return property in a prime Coral Gables location. The convenience and lifestyle benefits are unparalleled, making this a truly exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,730,641

  6.5%

  $1,597,515

  7%

  $1,483,407

• Comparable approach

  Method

  Valuation

  Relative Method

  $976,301

  Geo Method

  $976,301

• Alternative Use

  Use

  Valuation

  Residential

  $1,597,515

  Hospitality

  $1,463,315

  Educational

  $1,217,461

  Medical

  $1,259,332

  Retail

  $1,893,828

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.753

Longitude

-80.2617

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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