Map of Property

Coral Way Mixed-Use Office and Apartments

For Sale

2464 Coral Way, Miami, FL 33145

This Miami property for sale is located at 2464 Coral Way. The general use of Coral Way Mixed-Use Office and Apartments is office and it incorporates 3,950 square feet of class C office space. The current listed sale price for Coral Way Mixed-Use Office and Apartments is Motived Seller, Reviewing All Offers. Coral Way Mixed-Use Office and Apartments is situated on a lot that is 0.11 acre in size.

Contacts

broker

Todd Cohen

Lee & Associates South Florida

(786) 385-9478

Property Details

  • Property Type Office - General Office
  • Property Size 3,950 SF
  • Units 6
  • Lot Size 0.11 Acre
  • Parking Spaces Avail. 14
  • Parking Ratio 3.89 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1956
  • Date Updated Apr 19, 2024
The property is well located directly fronting Coral Way, a major arterial thoroughfare connecting prestigious Coral Gables to Brickell neighborhoods.Lee & Associates presents for sale a multi-tenant mixed-use Office and Multifamily building directly fronting Coral Way in Miami, Florida. The property consists of 2 parcels including a 3,950 SF, two-story building with private surface parking lot including 14 total parking spaces plus street parking along Coral Way. The 6-unit mixed-use building offers an excellent investment opportunity with the three (3) commercial ground floor units over 2,000 SF with 1400 SF vacant perfect for a medical or professional office user with the remaining 600 SF occupied by a month to month office user, and the second floor consisting of three (3) updated one bedroom / one bathroom multifamily apartment units of 650 SF each featuring tile flooring throughout, stainless steel appliances, and modern bathroom vanities. The ground floor office user will vacate if needed, offering an incredible user opportunity for a medical or professional office on the ground floor with income-producing units from the multifamily units above. The property is located under the Miami21 Zoning ordinance, zoned T5-O allowing future owners the potential to redevelop to higher density mixed-use building types up to four stories by right that can accommodate retail and office uses with a multifamily component included. The property is well located with a public transit bus stop directly fronting Coral Way, a major arterial thoroughfare connecting prestigious Coral Gables to Brickell neighborhoods, and within walking distance to many amenities including Publix, CVS, Urgent Care, Restaurants, and Starbucks.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Amazing user opportunity for Medical or other professional offices on the ground floor with income above
  • Three apartments on the second floor, fully leased and provide more than enough income to cover property expenses
  • Redevelopment opportunity on a rare double lot, entitled for four stories by right
  • Signalized intersection allows for Easy ingress/Egress from Coral Way as well as the alley along the rear of the Property
  • Close to a wealth of amenities within walking distance, including Publix, CVS, Urgent Care, Restaurants and Starbucks
  • Easily accessible to public transportation with bus stop in front of the property

Attachments

Getting around

  • 87/100

    Walk Score ®

  • 43/100

    Transit Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Miami, FL
  • Neighborhood Silver Bluff
  • Zip Code 33145
  • Market Miami

Points of Interest

  • Coconut Grove

    0.75 miles

  • Vizcaya

    1.49 miles

  • Douglas Road

    1.70 miles

  • Brickell

    2.66 miles

  • Financial District

    2.76 miles

  • Tenth Street/Promenade

    2.85 miles

  • Eighth Street

    2.95 miles

  • Culmer

    2.95 miles

  • Fifth Street

    3.01 miles

  • Civic Center

    3.02 miles

  • Valero

    0.17 miles

  • UGas

    0.34 miles

  • Westar

    0.37 miles

  • Shell

    0.78 miles

  • Marathon

    0.84 miles

  • Chevron

    1.10 miles

  • BP

    1.12 miles

  • U Gas

    1.32 miles

  • Shell

    1.55 miles

  • Shell

    1.57 miles

  • Boat

    1.20 miles

  • Lot 72

    1.29 miles

  • Parking for Barnes & Noble

    1.37 miles

  • Cocowalk Parking

    1.52 miles

  • Dinner Key Marina Parking

    1.60 miles

  • First Base Garage

    2.06 miles

  • Center Field Garage

    2.11 miles

  • Home Plate Garage

    2.24 miles

  • Third Base Garage

    2.29 miles

  • Extended Stay America Hotel Parking Lot

    2.41 miles

  • Hampton

    0.84 miles

  • San Juan Motel

    1.03 miles

  • Hyatt Regency Coral Gables

    1.27 miles

  • Courtyard by Marriott Miami Coconut Grove

    1.30 miles

  • Residence Inn by Marriott Miami Coconut Grove 3

    1.33 miles

  • Residence Inn by Marriott Miami Coconut Grove

    1.35 miles

  • Residence Inn by Marriott Miami Coconut Grove 2

    1.37 miles

  • Hotel Colonnade Coral Gables, Autograph Collection

    1.38 miles

  • The Ritz-Carlton Coconut Grove, Miami

    1.40 miles

  • Casa Trinidad at #1

    1.46 miles

  • Publix

    0.24 miles

  • Winn-Dixie

    0.75 miles

  • bed bath beyond

    0.90 miles

  • Milam's Market

    1.07 miles

  • Sears

    1.10 miles

  • Ross

    1.19 miles

  • Presidente Supermarket

    1.23 miles

  • Publix

    1.34 miles

  • The Fresh Market

    1.35 miles

  • Publix

    1.43 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Todd Cohen

Lee & Associates South Florida

(786) 385-9478