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    306 Alcazar Ave Coral Gables, FL 33134

    For Sale
    $10,650,000

    Prime Coral Gables Office, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional four-story office building in Coral Gables, Florida, presents a compelling investment opportunity for owner-occupiers, investors, and developers. Located at 306 Alcazar Ave, 33134, this property boasts a substantial gross living area of 35,484 square feet and an adjusted living area of 25,032 square feet. The building currently features twelve fully occupied offices, providing immediate and consistent cash flow. Ample parking is available with 40 spaces conveniently located on the property. Recent improvements include a brand-new elevator installation, and the building has successfully completed its 40-year recertification. This prime Coral Gables location offers excellent visibility and accessibility. The asking price is $10,650,000. Attractive owner financing is available with a competitive interest rate and a 30% down payment. This is a rare opportunity to acquire a well-maintained, income-producing office building in a highly desirable location. Contact us today to learn more about this exceptional investment opportunity and explore the owner financing options. The property is situated in Miami-Dade County and benefits from its strategic location within Coral Gables.

    Property Features for 306 Alcazar Ave

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Buildings
    1
    Stories
    4

    HighLights

    • $10,650,000 asking price.
    • Four‑story, 35,484 square foot office building in Coral Gables, FL.
    • 25,032 square feet of adjusted living area.
    • 40 parking spaces.
    • Fully occupied with 12 offices.
    • New elevator installed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coral Gables
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2611969
    Latitude
    25.7526363

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Coral Gables Office, Owner Financing Available
    Where is this office property / space located?
    The property is located at 306 Alcazar Ave Coral Gables, FL.
    What is the asking price?
    The asking price for this property is $10,650,000.
    What are key features of this property?
    This property features: $10,650,000 asking price.; Four-story, 35,484 square foot office building in Coral Gables, FL.; 25,032 square feet of adjusted living area.
    Request Owner's contact information
    306 Alcazar Ave Coral Gables, FL 33134
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    Coral Gables, FL 33134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    306 Alcazar Ave Coral Gables, FL 33134
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