1900 Coral Way Office Building 1900 Coral Way 13,000 SF 93% Leased Office Building Miami, FL 33145 $5,650,000 ($434.62/SF)
INVESTMENT HIGHLIGHTS
- Value add opportunity
- Owner User or Investor
- 40 YR certified
EXECUTIVE SUMMARY
1900 Coral Way (SW 22nd St) This is a four-story office building located in the Shenandoah neighborhood along Coral Way, the primary route connecting Coral Gables and Brickell.
The freestanding building sits on a +/-13,104 SF lot and includes 29 surface parking spaces. It features 12 private offices spread across four floors, with a total adjusted area of 12,961 SF. The property was recently renovated in 2023 with contemporary finishes and modern looks. Value added property, call agent for details.
The location offers excellent accessibility, situated just a 10-minute drive from established neighborhoods such as Coconut Grove, Brickell, and Coral Gables
Suitable as well for owner/users, contact for further details and for price guidance.
The freestanding building sits on a +/-13,104 SF lot and includes 29 surface parking spaces. It features 12 private offices spread across four floors, with a total adjusted area of 12,961 SF. The property was recently renovated in 2023 with contemporary finishes and modern looks. Value added property, call agent for details.
The location offers excellent accessibility, situated just a 10-minute drive from established neighborhoods such as Coconut Grove, Brickell, and Coral Gables
Suitable as well for owner/users, contact for further details and for price guidance.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,000 SF
Building Class
B
Year Built/Renovated
1972/2020
Price
$5,650,000
Price Per SF
$434.62
Percent Leased
93%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,250 SF
Slab To Slab
11’
Building FAR
0.99
Lot Size
0.30 AC
Zoning
O, Miami - T-5-O
Commercial
Parking
29 Spaces (2.23 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Turn key office space available for lease. Rent includes electricity. Gross price per month $1,659 plus sales tax. Office space may be combined with adjacent office for an additional 428 RSF for a total of 902 RSF
Turnkey office available for lease. Rectangular shape with one glass partition division, mostly open space. Rent includes electricity. Gross price $1,498.00 per month plus sales tax. Office space may be combined with adjacent office for an additional 474 RSF for a total of 902 RSF
| Space | Size | Space Use | Condition | Available |
| 3rd Fl-Ste 300 | 474 SF | Office | Spec Suite | Now |
| 3rd Fl-Ste 305 | 428 SF | Office | Spec Suite | Now |
3rd Fl-Ste 300
| Size |
| 474 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
3rd Fl-Ste 305
| Size |
| 428 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $5,773,220 (2024) | |
| Land Assessment | $5,475,600 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $297,620 (2024) | Tax Year | 2025 |
