Strategically positioned on the northern perimeter of the Coconut Grove Metrorail transit area, this high-visibility asset falls well within the radius qualifying for Transit Station Neighborhood District designation - opening the door to density upside on its current T5-O zoning. The building's first floor is primarily covered parking, with 96% of rentable area concentrated on the second and third floors. Existing short-term leases provide immediate income while preserving flexibility for repositioning. Floor plans, survey, and lease details are available upon request. Projected stabilized cap rate - applying market rents with reasonable assumptions for vacancy, management, maintenance, reserves, and leaseup costs - exceeds 6%.

This listing is courtesy of James Hawkins at Hawkins Commercial Realty em:james@hawkinscre.com ph:305-790-6560.

More detailed information, including prior sales, lot and building square footage per the county, zoning, traffic maps, nearby businesses, and more related to the Miami-Dade county property folio associated with this commercial property listing, which in most cases would be for the listed property, is displayed below. This is not provided by the listing broker or agent, but is information obtained independently from the county for the folio number 0141160230060 entered for this listing by the listing broker / listing agent. Importantly, always verify information. This county information is not updated regularly. Thus, some of the information may have changed since it was obtained. Information herein is provided on a best efforts basis only. Do not rely on it to make an investment decision.

Miami-Dade County Information for Folio 01-1160-023-0060 (0141160230060)*
Links to Miami-Dade Lot Outline, Aerial Views, Tax Records
Property Location*
Address: 2650 SW 27 Ave
City: Miami
State: Florida
Zip Code: 33133-3003 (Listings)
County: Miami-Dade (Listings)
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Building Size - English*
Living Square Feet: 26,980
Actual Square Feet: 26,980
Adjusted Square Feet: 26,853
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Lot Size - English*
Lot Size (sf): 18,600
Lot Size (acres): 0.43
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Building Size - Metric*
Living Square Meters: 2,506.52
Actual Square Meters: 2,506.52
Adjusted Sq M: 2,494.72
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Lot Size - Metric*
Lot Size (sq m): 1,728
Lot Size (ha): 0.17
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Zoning & Land Use*
Land Use: 1813 - Office Building - Multistory : Office Building
Zoning: 6101 - Cen-pedestrian Orientatio
Municipal Zoning: T5 O (Miami)
All Listed | All Properties
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Prior Sale*
Type: Qual by exam of deed
Qual: Q
Date: 08/01/2024
Amount: $4,800,000
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Prior Sale #2* (Second to Last)
Type: Qual by exam of deed
Qual: Q
Date: 01/17/2018
Amount: $4,200,000
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Taxable Values*
Tax Year: 2024
Land: $2,790,000
Building: $360,000
Total: $3,150,000
Assessed: $3,150,000
County Taxable: $3,150,000
City Taxable: $3,150,000
Mill Code: 0100
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Ownership*
Owner 1: 2650 Grovegate Llc
Mailing Address: 2828 Coral Way 306
Mailing City: Miami
Mailing State: Fl
Mailing Zip: 33145
Mailing Country: USA
  -
Building Information*
Stories: 3
Year Built: 1972
Effective Year Built: 1972
Extra Features 1: Cent A/c - Comm (aprox 300 Sqft/ton)
Extra Features 2: Elevator - Passenger
Extra Features 3: Paving - Concrete
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Legal Description*
Legal Description Concatenated: SOUTH BAY ESTS PB 5-54 LOTS 7-10 LESS E25FT BLK 1 LOT SIZE 200.000 X 93 OR 12593-2239 0785 5

*This Miami-Dade county folio information was recently obtained for the folio number entered on this listing by the listing broker, which usually is correct, but not always. This information is not represented as or warranted to be accurate or current. Verify this and all information about this property independently. Do not rely on it to make an investment decision.