Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

Unique Mixed-Use, Stabilized Investment Opp with Upside Potential! 2-building gem is located off the high traffic intersection of West Flagler and Douglas Rd at First Street. Nestled at the edge of Coral Gables, the 2-story properties, 5,940 sqft lot, hard corner commercial unit, w/great visibility & off-street parking for guests & tenants.rnrnCorner commercial unit has $150,000 recently invested in Cap-Ex improvements. Formerly a medical facility, a new tenant is in place and secured w/ 5-year lease, set to open in Jan 2022. The second building is a stacked-duplex with 2 full-floor remodeled residential units with $85,000 in improvements. The residential tenants are on annual leases with low rents. Combined total income of approx. $84,780 annual with upside to potential 5.46% Cap Rate.

Features
: 8
Address Details
FL
Miami-Dade County
Miami
33134
3707 SW 1st St
0
Other
47
: Building & Land
: All Cash, Conventional/refinance
: New Construction
1
: Sale
2
: Commercial Condo, Commercial, Medical Office, Office, Free Standing
$10,698
2021
: Public
6100

Commercial Sale For Sale

3707 SW 1st St, Miami, Florida 33134

5,940 Sqft
$1,300,000
Listing ID #A11136450
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : A11136450
Price : $1,300,000
Year Built : 1926
Lot Area : 5,940 Sqft
Building Area : 2,866 Sqft
Status : Active
Contact Agent