0 Baths
1,107 sqft
$499,900
1627 SW 37th Avenue CU-1, Miami FL, 33145
Price per sqft$451.58
Built in2004
Property size1,107 sqft
Property typeCommercial
Overview
Active
Listed Jun 1, 2026
Updated 2 weeks ago
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!!
Other Property Details
- Taxes
- $6,500
- Tax Frequency
- Annually
- Association Fee Frequency
- Monthly
Listed with MJ Estates, Inc.
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Data last updated 12:18 PM UTC, 9/23/2026