338 Minorca AveCoral Gables, FL 33134

Property Details for 338 Minorca Ave

Year built

1985

Construction

TYPE NOT SPECIFIED

Lot size

0.06 AC

Property size (Sq ft)

5,035 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Office properties

Property subtype

Office buildings

APN

03-4108-006-1552

APU

341080061552

Description

This exceptional 4,300-square-foot office space is located at 338 Minorca Avenue in the heart of Coral Gables, Florida, zip code 33134. The property is a single-tenant, two-story building with a total of one suite. The building features a desirable frontage and offers convenient covered parking with two assigned spaces. The zoning classification is 5004. The property's APN is 03-41-08-006-1552. The interior layout includes three private offices and a spacious work area on the second floor. Utilities are included, encompassing water and electricity, along with the benefit of weekly cleaning services. A furnished waiting area is already in place, adding immediate functionality and convenience. This turnkey solution provides a comfortable and efficient workspace in a highly sought-after Coral Gables location. This is a fantastic opportunity for a business seeking a prestigious and well-appointed office space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,719,436

  6.5%

  $3,433,326

  7%

  $3,188,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,678,521

  Geo Method

  $1,678,521

• Alternative Use

  Use

  Valuation

  Residential

  $4,257,324

  Hospitality

  $3,899,686

  Educational

  $3,244,492

  Medical

  $3,356,076

  Retail

  $5,046,988

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7534

Longitude

-80.2616

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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