This Coral Gables office building offers a fully renovated, boutique commercial asset in Coral Gables, FL, one of South Florida’s most established business districts. The two-story property delivers approximately 6,883 square feet of efficient interior space on a compact lot, which supports strong occupancy and ease of management. As a result, it appeals to both owner-users and long-term investors.

Building Condition and Configuration

Built in 1970 and comprehensively renovated in 2022, the property presents a move-in-ready environment with modern systems throughout. In addition, the layout supports single-tenant use, which simplifies operations and enhances control. Ceiling heights of approximately 12 feet, multiple restrooms, and on-site parking further strengthen daily functionality.

Moreover, the building is zoned Mixed-Use (MX3), which allows flexibility beyond traditional office use. Therefore, future repositioning remains a viable option.

Use Flexibility and Redevelopment Upside

The asset supports several potential paths forward. For example, it can continue as a high-end professional office. Alternatively, it may convert into boutique retail or a creative mixed-use concept, subject to zoning and approvals.

Notably, there is an opportunity to pursue the acquisition of an adjacent parking parcel from the City. If secured, this option could support a broader mixed-use redevelopment. Consequently, the site offers both stability today and upside tomorrow.

Income Profile and Lease Structure

The property is fully occupied under a modified gross lease structure, which balances expense control with predictable income. The current lease term runs through late 2026, providing near-term cash flow while preserving future flexibility.

In addition, the current rental rate reflects strong market positioning for a boutique asset in this location. This structure supports a core investment strategy with optional value creation at lease rollover.

Investment Highlights

• Fully renovated two-story office building
• Prime Coral Gables location with strong tenant appeal
• Mixed-Use (MX3) zoning allows future flexibility
• Single-tenant configuration with 100% occupancy
• On-site parking enhances usability
• Potential adjacent parking acquisition opportunity