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117 Majorca Ave 3,746 SF 100% Leased Office Building Coral Gables, FL 33134 $2,100,000 ($560.60/SF)
INVESTMENT HIGHLIGHTS
- In the heart of Coral Gables
- Updated Electrical Systems - 2024
- Brand New Roof - 2024
EXECUTIVE SUMMARY
Prime Free-Standing Office Building for Sale in Coral Gables. Exceptional opportunity to acquire a well-maintained, two-story free-standing office building in the heart of Coral Gables. Built in 1971 and meticulously cared for by the same owner for over 40 years, this 3,832 SF building sits on a 5,050 SF lot with Mixed-Use 2 (MX2) zoning, offering excellent flexibility for a variety of commercial uses. Recent capital improvements include a brand-new roof and updated electrical systems completed in 2024. Currently 75% tenant occupied with short-term leases, the property provides immediate income with the ability to reposition or occupy. Includes six marked on-site parking spaces in the rear. A rare investment or end-user opportunity in one of South Florida’s most desirable business districts.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,746 SF
Building Class
C
Year Built
1971
Price
$2,100,000
Price Per SF
$560.60
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,873 SF
Slab To Slab
10’
Building FAR
0.72
Lot Size
0.12 AC
Zoning
CB - Mixed-Use 2 (MX2) zoning, offering excellent flexibility for a variety of commercial uses.
Parking
6 Spaces (1.6 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Paul & Associates
- Professional, Scientific, and Technical Services
- -
-
$9.99
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Lorem Ipsum
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Jan 0000
n/a
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Paul & Associates | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 03-4108-007-0600 | Improvements Assessment | $303,728 |
| Land Assessment | $1,515,000 | Total Assessment | $1,818,728 |
PROPERTY TAXES
Parcel Number
03-4108-007-0600
Land Assessment
$1,515,000
Improvements Assessment
$303,728
Total Assessment
$1,818,728
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117 Majorca Ave
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