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    2843 Bayshore Dr Miami, FL 33133

    Sponsored
    For Sale
    $2,100,000

    6,782 SF Mixed-Use, Coconut Grove Gem

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6,782 square foot mixed-use property, located at 2843 S Bayshore Dr #2 in Miami, Florida, presents a remarkable development opportunity. Built in 1982, this property boasts a prime location in the vibrant Coconut Grove neighborhood, just steps from CocoWalk and Bayside Park. The property's mixed-use zoning allows for a variety of configurations, catering to diverse development plans. Whether envisioning luxury residential units, commercial spaces, or a blend of both, this property offers unparalleled flexibility. The two folios comprising this substantial space provide ample room for creative design and development. Its strategic location within Coconut Grove provides immediate access to a wealth of amenities, including upscale shopping, diverse dining options, and vibrant entertainment venues. The asking price for this unique investment opportunity is $2,100,000. The property's address is within Miami-Dade County, Florida, zip code 33133. This is a rare chance to acquire a significant property in one of Miami's most desirable and dynamic neighborhoods. The property's proximity to CocoWalk and Bayside Park ensures high visibility and accessibility, making it an ideal location for a thriving business or luxurious residential development.

    Property Features for 2843 Bayshore Dr

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1982
    Property Profile Location Intelligence

    Current Use by Public Records

    Grove Towers Condominium Complex Speedbits LLC Satellite Communication Service

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2388886
    Latitude
    25.728269

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    FAQs

    What type of property is this?
    Mixed-use property - 6,782 SF Mixed-Use, Coconut Grove Gem
    Where is this mixed-use property located?
    The property is located at 2843 Bayshore Dr Miami, FL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    Request Owner's contact information
    2843 Bayshore Dr Miami, FL 33133
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    Miami, FL 33133
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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
    2843 Bayshore Dr Miami, FL 33133
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