• Address: 2859 Bird Road, Coconut Grove, FL 33133 (map)
• Date Posted: 10/13/09

* Price:
$2,300,000
* Gross Leasable Area:
7,585 SF
* Price/SF:
$303.23
* Property Type:
Shopping Center
* Property Sub-type:
Strip Center
* Property Use Type:
Investment
* Cap Rate:
9%
* Occupancy:
95%
* No. Stories:
2
* Tenancy:
Multiple
* Year Built:
1963
* Lot Size:
13,500 SF
* Parking Ratio:
30 / 1,000 SF


Description

This unique opportunity, to own a stabilized mixed use Convenience Strip Center located in the heart of Coconut Grove, offers an investor/owner user the opportunity to purchase a 7585 sq feet of Retail/ http://www.olx.com/q/office/c-368 /loft style center. Property consists of a 7585 sq ft 2 story CBS http://www.olx.com/q/building/c-368 with 3793 sq ft of retail space on 1st floor comprised of 3 retail tenants and 3,793 sq ft of multifamily space comprised of 10 apartments-each 1bd/1bth on second floor. Large parking area in front and rear of the building for 30 http://miami.olx.com/vehicles-cat-362 . Even in this market--this property will be in contract very soon.The Coconut Grove Bird Road Center Bird is located in the dynamic and highly sought after retail market of Coconut Grove one of the best locations in Miami. The neighborhood surrounding this center is dominated by high rise condominiums such as the Ritz Carrolton and other retail plazas such as CocoWalk and The Mayfair. The property has excellent frontage on Bird Road (SW 40th Street) in one of the busiest thoroughfares in Miami Dade County. This center is an equidistant location between Downtown Miami and Coral Gables/ South Miami and enjoys high occupancy rates and should continue to have low tenant.