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1627 SW 37th Ave - Gables View 1,107 SF Retail Condo Unit Offered at $499,900 in Miami, FL 33145
Investment Highlights
- EXCELLENT LOCATION
- EASY TO MANAGED
- 5% ANNUAL INCREASE
Executive Summary
Coral Gables prime retail/office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Seller may finance. Mint condition interior with a spacious private inside restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased until December 2026 to an excellent tenant—delivering a gross annual income of $45,084 with very low expenses and zero management efforts required. Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 01-4109-083-0790 |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| APN/Parcel ID | 01-4109-083-0790 |
Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street!!
GREAT RETURN WITH 5% RENTAL ANNUAL INCREASE
LOW ASSOCIATION FEE
SELLER FINANCING
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit CU-1 | 1,107 SF | Retail | $499,900 ($451.58/SF) | $29,995 |
Unit CU-1
| Unit Size |
| 1,107 SF |
| Condo Use |
| Retail |
| Price |
| $499,900 ($451.58/SF) |
| NOI |
| $29,995 |
Unit CU-1
| Unit Size | 1,107 SF |
| Condo Use | Retail |
| Price | $499,900 ($451.58/SF) |
| NOI | $29,995 |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| APN/Parcel ID | 01-4109-083-0790 |
| Description | |
| Coral Gables prime retail/office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Seller may finance. Mint condition interior with a spacious private inside restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased until December 2026 to an excellent tenant—delivering a gross annual income of $45,084 with very low expenses and zero management efforts required.<br> Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street!!</li></ul> | |
| Sale Notes | |
| PRIME LOCATION<br> GREAT RETURN WITH 5% RENTAL ANNUAL INCREASE<br> LOW ASSOCIATION FEE<br> SELLER FINANCING</li></ul> |
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Clubhouse
- Concierge
- Courtyard
- Fitness Center
- Pool
- Doorman
- Conference Rooms
- Elevator
- Smoke Detector
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1627 SW 37th Ave - Gables View
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