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Jemea 'Mea' Kingsby
Jesse Spencer

3707 SW 1st St

$1,300,000  |  3707 SW 1st St, Miami, FL 33134
Unique Mixed-Use, Stabilized Investment Opp with Upside Potential! 2-building gem is located off the high traffic intersection of West Flagler and Douglas Rd at First Street. Nestled at the edge of Coral Gables, the 2-story properties, 5,940 sqft lot, hard corner commercial unit, w/great visibility & off-street parking for guests & tenants. Corner commercial unit has $150,000 recently invested in Cap-Ex improvements. Formerly a medical facility, a new tenant is in place and secured w/ 5-year lease, set to open in Jan 2022. The second building is a stacked-duplex with 2 full-floor remodeled residential units with $85,000 in improvements. The residential tenants are on annual leases with low rents. Combined total income of approx. $84,780 annual with upside to potential 5.46% Cap Rate.
  • For Sale
    Status
  • 1926
    Year Built
  • 2,866 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 2,866 Sq.Ft.
  • Lot Size: 0.136 Acres
  • MLS ID: A11136450
  • Type: COMMERCIAL
  • Year Built: 1926
  • Architecture Styles: Commercial Condo, Commercial, Free Standing, Medical Office, Office

Exterior & Building

  • Stories: 2
  • Water Source: Public

Financial

  • Sales Price: $1,300,000
  • Real Estate Tax: $10,698
  • Zoning: 6100

3707 SW 1st St

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