255 Minorca AveCoral Gables, FL 33134

Property Details for 255 Minorca Ave

Year built

1943

Construction

CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

1,350 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Outlet malls

APN

03-4108-006-1190

APU

341080061190

Description

This exceptional mixed-use property, located at 255 Minorca Ave in Coral Gables, Florida, presents a unique investment opportunity. Built in 1943, this single-story building offers immense versatility, suitable for a wide range of commercial ventures. The asking price is $1,700,000. Imagine transforming this established space into your ideal business location – whether it's a retail outlet, office space, restaurant, or something entirely new. The property boasts six on-site parking spaces, complemented by the convenience of a newly constructed parking garage directly across the street and readily available metered parking. Situated in a highly desirable area of Coral Gables, this freestanding building offers unparalleled access to the city's vibrant atmosphere and affluent clientele. The current business occupant ensures a steady income stream while providing ample opportunity for future development and expansion. This is a rare chance to acquire a piece of Coral Gables history and shape its future. Showings are by appointment only. The property is located in Miami-Dade County, Florida, zip code 33134. The property's latitude and longitude coordinates are 25.7538143, -80.2599446 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $1,713,384

  6.5%

  $1,581,585

  7%

  $1,468,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,302,490

  Geo Method

  $1,302,490

• Alternative Use

  Use

  Valuation

  Residential

  $1,334,126

  Hospitality

  $1,222,053

  Educational

  $1,016,734

  Medical

  $1,051,700

  Retail

  $1,581,585

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7539

Longitude

-80.26

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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