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Grove Center 2829 Bird Ave 8,986 SF 100% Leased Retail Building Miami, FL 33133 $8,700,000 ($968.17/SF) 6.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in the heart of Coconut Grove, an affluent, high-barrier market known for upscale retail, dining, and top private schools.
- Rare sub-1,000 SF suite mix in one of South Florida’s tightest retail markets, supported by strong co-tenancy.
- ~3.0-year WALT across 9 diversified tenants, ~90% NNN with minimal expense leakage.
- Zoned T5-O (65 DU/acre, up to 5 stories, no defined FAR).
EXECUTIVE SUMMARY
This best-in-class 8,986 square-foot multi-tenant retail center is strategically positioned in the heart of the coveted Coconut Grove submarket. Grove Center is currently fully occupied by nine tenants, most operating within the health, wellness, and lifestyle sectors, each of whom has invested substantial capital into high-quality interior buildouts. The property sits on a 15,000 SF parcel zoned T5-O, offering a blend of long-term optionality and strong existing cash flow.
Over the past three years, ownership has executed a thoughtful capital improvement plan, curating a highly complementary tenant, mix with strong co-tenancy and aligned customer bases. This merchandising strategy has created a cohesive ecosystem of operators that drive daily foot traffic and reinforce the center’s longterm stability.
The asset is positioned for continued rent growth, benefiting from above-market annual escalations and the ongoing upward trajectory of the Coconut Grove retail market.
PROPERTY FACTS
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Position your business in the heart of Coconut Grove at Grove Center, a vibrant mixed-use destination surrounded by fitness studios, coffee shops, and lifestyle amenities. This retail end cap offers exceptional visibility and accessibility on Bird Avenue, a key corridor connecting Coconut Grove’s residential neighborhoods with its bustling commercial core. The available suite is ideal for office, showroom, or specialty retail concepts seeking a dynamic environment with strong foot traffic and proximity to affluent residential communities. The space features two private offices and two bathrooms, providing flexibility for professional services or wellness operators. Coconut Grove’s reputation as a cultural and lifestyle hub ensures a steady flow of visitors drawn to its eclectic mix of dining, shopping, and entertainment venues. With easy access to US-1 and major thoroughfares, Grove Center offers convenience for both customers and employees. The surrounding demographics reflect high household incomes and dense residential clusters, creating a strong consumer base for businesses looking to thrive in one of Miami’s most desirable neighborhoods.
| Space | Size | Space Use | Position | Available |
| 4 | 722 SF | Retail | - | Feb 2026 |
4
| Size |
| 722 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Feb 2026 |
4
| Size | 722 SF |
| Space Use | Retail |
| Position | - |
| Available | Feb 2026 |
Position your business in the heart of Coconut Grove at Grove Center, a vibrant mixed-use destination surrounded by fitness studios, coffee shops, and lifestyle amenities. This retail end cap offers exceptional visibility and accessibility on Bird Avenue, a key corridor connecting Coconut Grove’s residential neighborhoods with its bustling commercial core. The available suite is ideal for office, showroom, or specialty retail concepts seeking a dynamic environment with strong foot traffic and proximity to affluent residential communities. The space features two private offices and two bathrooms, providing flexibility for professional services or wellness operators. Coconut Grove’s reputation as a cultural and lifestyle hub ensures a steady flow of visitors drawn to its eclectic mix of dining, shopping, and entertainment venues. With easy access to US-1 and major thoroughfares, Grove Center offers convenience for both customers and employees. The surrounding demographics reflect high household incomes and dense residential clusters, creating a strong consumer base for businesses looking to thrive in one of Miami’s most desirable neighborhoods.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-4116-033-0090 | Improvements Assessment | $1,825,000 |
| Land Assessment | $1,875,000 | Total Assessment | $3,700,000 |
PROPERTY TAXES
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Grove Center | 2829 Bird Ave
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