1501 Sunset DrMiami, FL 33143

Property Details for 1501 Sunset Dr

Year built

1947

Construction

CONCRETE

Lot size

0.18 AC

Property size (Sq ft)

4,010 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Office properties

Property subtype

Office buildings

APN

03-4130-009-1540

APU

341300091540

Description

This exceptional Coral Gables office space, located at 1501 Sunset Dr, Miami, FL 33143, offers 1,897 square feet of versatile workspace on the first floor of a two-story building. Built in 1947 and renovated in 2000, this traditional, executive, and creative office space is situated on a prominent corner of Sunset Drive and Yumuri Street, offering excellent visibility. The space features a thoughtfully designed layout including two kitchens, two conference rooms, two bathrooms, five private offices, a reception area, and open workspaces, catering to diverse business needs. The property is part of a larger building totaling 3,794 square feet. Its convenient location boasts easy access to S. Dixie Hwy (US-1) and Red Road, proximity to the MetroRail's South Miami Station, and a high walkability score (98/100), placing it within walking distance of numerous dining and business options. The zoning is 5003 MIXED-USE, and the APN is 03-4130-009-1540. While there are no elevators, the building is well-suited for a variety of businesses seeking a highly visible and accessible location in the heart of Coral Gables. This is a rare opportunity to lease a well-appointed office space in a thriving South Miami submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $2,842,220

  6.5%

  $2,623,588

  7%

  $2,436,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,288,422

  Geo Method

  $1,288,422

• Alternative Use

  Use

  Valuation

  Residential

  $3,253,249

  Hospitality

  $2,979,958

  Educational

  $2,479,290

  Medical

  $2,564,557

  Retail

  $3,856,674

Location Insight

City

Coral Gables

County

Miami-dade

State

Florida

Latitude

25.7048

Longitude

-80.2823

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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