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2971 Coral Way Miami, FL 33145

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Miami Medical Office - Turnkey Investment

Property size:
7,680 SF

Property Features for 2971 Coral Way

General Information

Property type
Office properties & Spaces
Square Feet
7,680 SF
Class
B

Building Details

Year Built/Renovated
1952/2018
Buildings
1
Stories
2
Units
10

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Listing Contact
Manny Chamizo
Manny Chamizo

Listing Agent: Manny Chamizo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional two-story, 7,680 square foot medical office building in Miami, Florida, presents a unique investment opportunity. Located at 2971 Coral Way, this Class B property boasts 100% occupancy with a strong 6.00% cap rate and a desirable $416.02 price per square foot. Built in 1952 and renovated in 2018, the building sits on a 6,672 square foot lot with a private parking lot offering 13 spaces and abundant off-street parking. The property features a fully built-out interior, including partitioned treatment rooms, making it ideal for continued medical use or adaptable for other businesses. Zoned C-1, this single-tenant, net-leased building benefits from high visibility on a busy street with approximately 34,000 cars passing daily, less than half a mile from the heavily trafficked intersection of Coral Way and 32nd Avenue. The asking price is $3,195,000. This turnkey operation offers immediate income and significant potential for future growth. The property's location in the heart of Miami provides excellent access to a large patient base and a thriving commercial environment. The building's solid construction and recent renovations ensure long-term value and stability for the investor. This is a rare opportunity to acquire a high-performing medical office building in a prime Miami location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.2417558
Latitude
25.750395

FAQs

What type of property is this?
Office property - Miami Medical Office - Turnkey Investment
Where is this office property located?
The property is located at 2971 Coral Way Miami, FL.
What is the asking price?
The asking price for this property is $3,195,000.
(786) 486-6655 Call to check price and availability
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