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Grove Shopping Strip - Unique opportunity to acquire a transit-oriented strip center

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Property Overview

Price/Rent PSF $ 3,900,000.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 8,500
Spaces Show
Date Available 05/24/2020
Additional URL Link
Parking 18
Floors 2
Additional parameters Show
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Description

Location
Located between two of the most exciting submarkets in the Miami MSA
Excellent accessibility from the MetroRail station via the Coconut Grove MetroRail Station and US Highway 1
The site is a short distance to Coco Walk, Coconut Grove Marina, UM, Metro Station, Brickell, Key Biscayne, and Coral Gables.

Sale
15,000 Lot and 8500 SF Retail Building Offered For Sale in the heart of Coconut Grove.

We are pleased to exclusively offer for sale The legend Grove Center (strip Retail Center) on 0.34 ac located at 2829 Bird AVE in Coconut Grove, FL.

The Property is situated less than a five-minute walk from the Coconut Grove Metrorail Station and from the Coconut Grove Business Improvement District, a high-end shopping and entertainment area of the historic Coconut Grove. Also, a few minutes away to Brickell, key Biscayne, Coral way, coral Gables, 27th ave, and US-1/ Dixie Highway, a principal roadway with direct access to I-95.

The Strip Center present 8-bay configuration has great appeal to small business tenants due to its high visibility location with significant traffic. Gross Lease in place. Current Gross Income $ 242,810.

The strip center is in a very fast-growing area and surrounded by new and upcoming developments.

Zoning Limits: T5-O TOD (overlay) - 5 stories - Total Gross Buildable 60,000 SF and Lot Coverage 80%.
Set Backs: front 15 ST Secondary Front 10 FT Side 0 FT Rear 0 FT
Unit Density: Residential 65 units/ Acre, Hotel 130 Keys/ Acre.
Uses allowed: Residential, Lodging, Offices, Commercial, Educational.

Lease
PRIME RETAIL LOCATION. GREAT EXPOSURE, RIGHT ON BIRD AVE. SECOND FLOOR UNIT OF APPROX 700 S/F.

Location

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