2850 Douglas RdCoral Gables, FL 33134

Property Details for 2850 Douglas Rd

Year built

1971

Construction

CONCRETE

Lot size

0.28 AC

Property size (Sq ft)

35,360 SF

Zone code

6400

Property type

Banks

APN

03-4117-005-5770

APU

341170055770

Description

This exceptional Coral Gables office space, located at 2850 Douglas Road, offers 3,750 square feet of versatile, fully built-out space ideal for various professional uses. The property, situated in a well-maintained Class B building, boasts a prime location in the heart of Coral Gables, providing easy access to upscale dining, shopping, and entertainment. Built in 1971 and extensively renovated in 2022, this five-story building features one elevator and ample convenient parking. The suite is divisible, offering a minimum of 1,757 square feet and a maximum contiguous space of 3,750 square feet; currently, 3,750 square feet is available. The zoning is 5003 MIXED-USE, allowing for diverse business applications. This is an excellent opportunity for entrepreneurs, startups, or established businesses seeking a prestigious address in a thriving community. The property's APN is 03-4117-005-5770. The total building size is 34,935 square feet. This location offers a sophisticated and convenient environment to elevate your business and impress clients. The space is perfect for businesses seeking a premium office space in a vibrant, upscale community.

• CAP approach

  CAP return

  Valuation

  6%

  $44,877,976

  6.5%

  $41,425,824

  7%

  $38,466,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,115,584

  Geo Method

  $34,115,584

• Alternative Use

  Use

  Valuation

  Residential

  $34,944,232

  Hospitality

  $32,008,728

  Educational

  $26,630,886

  Medical

  $27,546,762

  Retail

  $41,425,824

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.746

Longitude

-80.2547

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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