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- LoopNet Team
2389 Coral Way
Miami, FL 33145
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent visibility on Coral Way with great signage potential
- Very stable quality tenants with rents below market.
- Recently completed 40 year recertification
- Signalized intersection with traffic count exceeding 70,000 vehicles per day
- Property has ran at 100% occupancy for the past 10 years
- Short distance from Miracle Mile & Coral Gables
PROPERTY FACTS
AMENITIES
- Bus Route
- Corner Lot
- Dedicated Turn Lane
- Signage
ABOUT 2389 CORAL WAY , MIAMI, FL 33145
ONE Sotheby's International Realty, Inc. is pleased to present for sale 2389 Coral Way, an 8,049 rentable square foot retailproperty. The property is centrally located in the heart of Miami, Florida. The subject property consists of six (6) ground floor retail bays which have been rented 100 percent of the time during the last 10 years and consists of service-oriented tenants unaffected by e-commerce. Rents are currently below the market with renewable multi-year leases, making this a prime value-add opportunity for an investor and/or Owner User. Opportunity to hold as a steady income property or re-develop to take advantage of the new zoning which allows up to 5 stories mixed use. The subject property is centrally located near Coral Gables, Brickell, Coconut Grove, and Downtown Miami. The surroundingarea consists of an array of retailers and new developments in the highly desirable Coral Way corridor. Coral Way has become an in-demand residential and commercial corridor due to the growth in population and commerce within the past few years.
PROPERTY TAXES
| Parcel Number | 01-4110-056-0050 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,555,367 |
PROPERTY TAXES
