2650 SW 27th Ave, Miami FL 33133

Description of 2650 SW 27th Ave, Miami FL 33133

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%.

Property Details for 2650 SW 27th Ave, Miami FL 33133

Pool Private

No

Building Information for 2650 SW 27th Ave, Miami FL 33133

Building Area Total

20335

Building Area Units

Square Feet

Association

No

Property Information for 2650 SW 27th Ave, Miami FL 33133

Lot Size Square Feet

18,600

Waterfront

No

View

No

New Construction

No

Public Records for 2650 SW 27th Ave, Miami FL 33133

Parcel Number

01-41-16-023-0060

Tax Legal Description

SOUTH BAY ESTS PB 5-54 LOTS 7-10 LESS E25FT BLK 1 LOT SIZE 200.000 X 93 OR 12593-2239 0785 5

Zoning

6101

County Or Parish

Miami-Dade County

Location