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2940 Oak Ave - Coconut Grove "Oak Avenue" shovel ready site 0.15 Acres of Commercial Land Offered at $8,000,000 in Miami, FL 33133
INVESTMENT HIGHLIGHTS
- Excellent location in the heart of Coconut Grove
- Short Term land lease in place
- Approved Plans
EXECUTIVE SUMMARY
Net Rentable Area Office: +/- 15,000 SF Ground: 4547 SF
Roof Top: 3,436 SF Total: 27,556 SF
Site Size: 6,618 SF | 0.152 Acres Parcel Number: 01412-034-0310
Zoning T5-O, Urban Center Zone
to be delivered with plans & approvals
Short term lease in place
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
1 LOT AVAILABLE
Lot 01-4121-03
| Price | $8,000,000 | Lot Size | 0.15 AC |
| Price Per AC | $52,664,494.26 |
| Price | $8,000,000 |
| Price Per AC | $52,664,494.26 |
| Lot Size | 0.15 AC |
The GROVE OAK is a fully entitled 27,556 square-foot Class A mixed-use asset envisioned with a bottom floor retail/commercial, open-air patio. The development will house four floors of class-A offices and an open-air rooftop terrace with Grove views.
DESCRIPTION
2940 OAK AVENUE | COCONUT GROVE, FL 33133 The GROVE OAK Building Net Rentable Area Office: +/- 15,000 SF Ground: 4547 SF Roof Top: 3,436 SF Total: 27,556 SF Site Size: 6,618 SF | 0.152 Acres Parcel Number: 01412-034-0310 Zoning T5-O, Urban Center Zone The GROVE OAK is a proposed 27,556 square-foot Class A mixed-use asset envisioned with a bottom floor retail/commercial, open-air patio. The development will house four floors of class-A offices and an open-air rooftop terrace with direct views of Grove Harbor. Location & Access The Property is located on the south side of Oak Avenue, between Virginia Street and Rice Street in Coconut Grove.
PROPERTY TAXES
| Parcel Number | 01-4121-034-0310 | Improvements Assessment | $1,094 (2025) |
| Land Assessment | $1,440,000 (2025) | Total Assessment | $1,441,094 (2025) |
PROPERTY TAXES
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2940 Oak Ave - Coconut Grove "Oak Avenue" shovel ready site
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