255 Minorca Ave Coral Gables, FL 33134-4405
This exceptional mixed-use property, located at 255 Minorca Ave in Coral Gables, Florida, presents a unique investment opportunity. Built in 1943, this single-story building offers immense versatility, suitable for a wide range of commercial ventures. The asking price is $1,700,000. Imagine transforming this established space into your ideal business location – whether it's a retail outlet, office space, restaurant, or something entirely new. The property boasts six on-site parking spaces, complemented by the convenience of a newly constructed parking garage directly across the street and readily available metered parking. Situated in a highly desirable area of Coral Gables, this freestanding building offers unparalleled access to the city's vibrant atmosphere and affluent clientele. The current business occupant ensures a steady income stream while providing ample opportunity for future development and expansion. This is a rare chance to acquire a piece of Coral Gables history and shape its future. Showings are by appointment only. The property is located in Miami-Dade County, Florida, zip code 33134. The property's latitude and longitude coordinates are 25.7538143, -80.2599446 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6400:COMMERCIAL,CENTRAL · Coral Gables, FLCoral Gables. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.