
$499,900
Commercial for Sale, 1627 SW 37th Ave CU-1, Miami, Florida 33145
- MLS#A12028876
Listed By MJ Estates, Inc.
The Commercial Property for Sale located at 1627 SW 37th Ave CU-1, Miami, Florida 33145 is currently for sale.
Description
Coral Gables prime retail/office condo with over 1,100 SF on Douglas Rd (SW 37 Ave, east side) near SW 16 St. Seller may finance. Mint condition interior with a spacious private inside restroom and a secure storage/coat closet. Bright, efficient layout ideal for professional/medical/creative uses. Central A/C, low operating costs, and well-kept common areas. Currently leased until December 2026 to an excellent tenant—delivering a gross annual income of $45,084 with very low expenses and zero management efforts required. Offered at an attractive 6% CAP rate with annual increases, ensuring consistent upside for investors. High visibility and easy access to Coral Gables, Brickell, Airport, and major corridors. Solid performer for investors seeking stable, hassle-free cash flow in a blue-chip location! Flexible parking options available. Owners only may rent 1–2 dedicated parking spaces (subject to availability). Convenient guest parking accommodates up to 3 client vehicles only at a time. Additional 20-minute parking is located directly in front of the unit, with ample metered and street parking available across the street!!
Location
1627 SW 37th Ave CU-1, Miami, Florida 33145
Property features
Lot/Land
- Land/Lot size:
103 m² (1,107 ft²)
Construction
- Year built: 2004
Parking/Garage
- Parking description: On StreetGuest Parking
Heating and Cooling
- Heating System: Central Heat-Electric
- Cooling System: Central AC
Utilities
- Other utilities: Public