2464 Coral Way Miami, FL 33145-3419

This exceptional mixed-use property in Miami, Florida, presents a compelling investment opportunity. The 3,856 square foot, two-story building sits on a 0.11-acre double lot (APN: 01-4115-006-0220, 01-4115-006-0210) and features five units: three ground-floor commercial spaces (currently partially occupied) totaling over 2,056 square feet, and three updated one-bedroom, one-bathroom apartments (600 sq ft each) on the second floor. The apartments boast tile flooring, stainless steel appliances, and modern vanities. The building includes 14 parking spaces on-site, supplemented by street parking. Currently vacant commercial space offers an ideal user opportunity for medical or professional offices, with existing rental income from the apartments. Zoned T5-O under the Miami21 ordinance, this property allows for redevelopment up to four stories, accommodating retail, office, and multifamily uses. Its prime location on Coral Way offers easy access to public transportation, and proximity to numerous amenities including Publix, CVS, urgent care, restaurants, and Starbucks. The signalized intersection ensures convenient ingress and egress. This is a rare opportunity to acquire a well-located, income-producing asset with significant redevelopment potential in a thriving Miami neighborhood. Year built: 1956.