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365 Palermo Ave 6,883 SF Office Building Coral Gables, FL 33134 $5,495,000 ($798.34/SF)
Investment Highlights
- Plug & Play- Just bring your toothbrush -high-end professional office
Executive Summary
Ideally positioned in the heart of Coral Gables, this distinguished two-story commercial property offers approximately 6,883 square feet of interior space on a 5,000 square-foot lot. Built in 1970 and updated to current standards recently. Zoned Mixed-Use 3
(MX3), the property is currently configured for office use and represents a rare opportunity to acquire a boutique building in one of South Florida’s most prestigious business districts.
365 Palermo Avenue provides an exceptional value-add or redevelopment opportunity, offering investors the flexibility to reposition the asset as a high-end professional office, boutique retail destination, or creative mixed-use space. Its size and layout make it ideal for owner-users or boutique firms seeking a prominent address in Coral Gables without the scale or management demands of a larger asset.
This unique proposition offers the possibility of purchasing an adjacent parking lot from the City of Coral Gables for a mixed-use redevelopment.
Currently Leased Ends: December 31, 2026
Current Annual Rent: $320,100
Current Rent per Sq. Ft.: $50.00
Property Facts
Amenities
- 24 Hour Access
- Air Conditioning
- Fiber Optic Internet
About 365 PALERMO AVE , CORAL GABLES, FL 33134
One Sotheby’s International Realty is proud to present 365 Palermo Avenue, Coral Gables. Ideally positioned in the heart of Coral Gables, this distinguished two-story commercial property offers approximately 6,883 square feet of interior space on a 5,000 square-foot lot. Built in 1970 and updated to current standards in 2023. Zoned Mixed-Use 3 (MX3), the property is currently configured for office use and represents a rare opportunity to acquire a boutique building in one of South Florida’s most prestigious business districts. 365 Palermo Avenue provides an exceptional value-add or redevelopment opportunity, offering investors the flexibility to reposition the asset as a high-end professional office, boutique retail destination, or creative mixed-use space. Its size and layout make it ideal for owner-users or boutique firms seeking a prominent address in Coral Gables without the scale or management demands of a larger asset. This unique proposition offers a possibility to purchase an adjacent parking lot for a mixed-use redevelopment. Currently Leased Ends: December 31, 2026 Current Annual Rent: $320,100 Current Rent per Sq. Ft.: $50.00
Property Taxes
| Parcel Number | 03-4117-005-5020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,236,253 |
Property Taxes
Contact the Sale Advisor
365 Palermo Ave