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3707 SW 1st St
Coral Gables, FL 33134
Gables Retail & Residential Investment · Office Property For Sale
Investment Highlights
- Coral Gables submarket with quick access to Miracle Mile, US-1, SR-836 and Miami International Airport
- Zoned T6-8-O, allowing up to eight stories with strong redevelopment potential
- Reinforced concrete construction, renovated in 2022, with 8 on-site parking spaces
- 4-unit mixed-use building — ground-floor retail plus three residential apartments
- Stable in-place income with value-add upside in a supply-constrained market
Executive Summary
Mixed-use investment in Coral Gables — 4 units combining ground-floor retail with three residential apartments. Stable in-place income plus strong value-add upside in a supply-constrained submarket.
Ideal for investors seeking a diversified, income-producing asset in one of South Florida's most prestigious and supply-constrained markets. The mix of commercial and residential tenancy provides multiple income streams and a clear path to grow cash flow through strategic leasing and rental growth.
The property features a well-positioned retail storefront complemented by three residential units, on a 5,940 SF lot zoned T6-8-O. Originally built in 1926, it offers the flexibility of a mixed-use configuration in a highly walkable, established neighborhood.
Strategically located in the Coral Gables submarket, the property benefits from a thriving business environment and strong residential demand. Its central location provides convenient access to Miracle Mile, Coconut Grove, Brickell, Downtown Miami, Miami International Airport, US-1, and SR-836 — making it attractive to both residential tenants and local businesses.
Ideal for investors seeking a diversified, income-producing asset in one of South Florida's most prestigious and supply-constrained markets. The mix of commercial and residential tenancy provides multiple income streams and a clear path to grow cash flow through strategic leasing and rental growth.
The property features a well-positioned retail storefront complemented by three residential units, on a 5,940 SF lot zoned T6-8-O. Originally built in 1926, it offers the flexibility of a mixed-use configuration in a highly walkable, established neighborhood.
Strategically located in the Coral Gables submarket, the property benefits from a thriving business environment and strong residential demand. Its central location provides convenient access to Miracle Mile, Coconut Grove, Brickell, Downtown Miami, Miami International Airport, US-1, and SR-836 — making it attractive to both residential tenants and local businesses.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,078 SF
Building Class
B
Year Built/Renovated
1926/2022
Price
$1,200,000
Price Per SF
$389.86
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,539 SF
Building FAR
0.50
Lot Size
0.14 AC
Zoning
T6-8-O - Zoning T6-8-O allows for up to eight (8) stories. Potential for redevelopment.
Parking
8 Spaces (2.6 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 01-4105-037-0600 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $628,861 |
Property Taxes
Parcel Number
01-4105-037-0600
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$628,861
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