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101 Madeira Ave 7,254 SF Vacant Office Building Coral Gables, FL 33134 $6,300,000 ($868.49/SF)
Investment Highlights
- ±7,254 SF | Two-Story Freestanding Office Building | Delivered Vacant
- 13 Dedicated On-Site Parking Spaces | Among the Rarest Physical Attributes in This Submarket
- ±6,490 SF Signalized Corner Lot | Dual-Street Frontage | Effectively a Double Lot for Infill Office in the Coral Gables CBD
- MX2 Zoning | 3.5 FAR | ±22,700 SF Maximum Buildable Envelope | Residential Density Permitted at 125 Units Per Acre
Executive Summary
101 Madeira Avenue is a ±7,254 SF freestanding, two-story office building positioned on a signalized corner in the heart of the Coral Gables CBD. Delivered vacant with 13 dedicated on-site parking spaces, dual-street frontage, and situated on a ±6,490 SF corner parcel — effectively a double lot by Coral Gables standards — the property offers a combination of scale, visibility, parking, and control that is increasingly impossible to find in this market.
Zoned MX2 with a 3.5 FAR, the site supports up to ±22,700 SF of buildable area with residential density of 125 units per acre, preserving meaningful long-term redevelopment optionality. Coral Gables remains one of the most supply-constrained office submarkets in the Southeast, driven by consistent demand from legal, financial, medical, and professional users seeking a premier business address outside of Brickell’s escalating occupancy costs.
For an owner-user, 101 Madeira represents more than office space — it is a rare opportunity to secure a flagship standalone presence with irreplaceable fundamentals, future expansion potential, and long-term control in one of South Florida’s most established business districts.
Zoned MX2 with a 3.5 FAR, the site supports up to ±22,700 SF of buildable area with residential density of 125 units per acre, preserving meaningful long-term redevelopment optionality. Coral Gables remains one of the most supply-constrained office submarkets in the Southeast, driven by consistent demand from legal, financial, medical, and professional users seeking a premier business address outside of Brickell’s escalating occupancy costs.
For an owner-user, 101 Madeira represents more than office space — it is a rare opportunity to secure a flagship standalone presence with irreplaceable fundamentals, future expansion potential, and long-term control in one of South Florida’s most established business districts.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,254 SF
Building Class
B
Year Built
1963
Price
$6,300,000
Price Per SF
$868.49
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,698 SF
Slab To Slab
10’
Building FAR
1.11
Lot Size
0.15 AC
Zoning
MX2 - Mixed-Use 2 - MX2 is the City of Coral Gables' mid-intensity mixed-use zoning designation, applied to properties within and adjacent to the Coral Gables CBD.
Parking
13 Spaces (1.79 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Fenced Lot
- Security System
- Signage
- Kitchen
- Demised WC facilities
- Plug & Play
- Drop Ceiling
- Air Conditioning
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-4108-007-0200 | Improvements Assessment | $953,000 |
| Land Assessment | $1,947,000 | Total Assessment | $2,900,000 |
Property Taxes
Parcel Number
03-4108-007-0200
Land Assessment
$1,947,000
Improvements Assessment
$953,000
Total Assessment
$2,900,000
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101 Madeira Ave
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