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Coconut Grove Office Development Opportunity
For Sale
$8,000,000
Pending

2940 Oak Ave, Miami, FL 33133

Fully entitled office development in Coconut Grove's Oak Avenue corridor.

Property Size27,556 SF
Lot Size0.15 Acres
Days on Market168

Property Features for 2940 Oak Ave

General Information

Standard status Pending
Size 27,556 SF
Lot size 0.15 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $29,564
Listing Agency: RE/MAX 360 REAL ESTATE
Listed By: Agustin Duarte · License #A11825546
Source: Elliman
Added: Mar 11 Changed: Aug 14 Last Checked: Aug 24 at 5:57AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 360 REAL ESTATE

Investment Insights

Based on property information with market context.

This is an entitled office development opportunity in South Florida. The property is planned as a 5-story office building with approximately 27,556 square feet. The design includes five floors, featuring a ground floor dedicated to commercial space, a rooftop area, and four full office floors. The property is located in the Coconut Grove Oak Avenue corridor. The property comes with approved plans for the office space and amenities.

Key Highlights

  • Fully entitled and 'shovel ready' office development opportunity, significantly reducing development time and risk.
  • Prime location in the highly desirable Coconut Grove Oak Avenue corridor.
  • Envisioned as a 5‑story office building with approximately 27,556 square feet of space.

Property Analytics

Current Use

Johari Inc Hair Salon V'HChimneycleaning Services General Contractor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Grocery & Convenience Store Clothing & Fashion Store Tattoo & Piercing Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,242
Businesses Nearby

Demographics for 33133, FL

34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value

Market

Vacancy Rate% for Office in Miami, FL

12.4% 2019
16.3% 2020
17% 2021
16.1% 2022
15% 2023
16.1% 2024
15.2% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully entitled office development in Coconut Grove's Oak Avenue corridor.
Where is this office building located?
The property is located at 2940 Oak Ave Miami, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Fully entitled and 'shovel ready' office development opportunity, significantly reducing development time and risk.; Prime location in the highly desirable Coconut Grove Oak Avenue corridor.; Envisioned as a 5‑story office building with approximately 27,556 square feet of space.
More about this property
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