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1627 SW 37th Ave # 1, Miami FL 33145

Commercial For Sale
$499,900

BTC: 7.81093750

ETH: 277.72222222

2 days
0 room(s)

Overview

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.

Location

Details

Type:
Commercial Sale
Parking:
Free Parking / Guest / Other / On Street
Year Built:
2004
Lot:
1107 Square Feet
Heating:
Central Electric
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
$718

Highlights

Annual tax
$6,500
2025
HOA
$718/mo
All facts and features
  • Heating

    • Central Electric

    Cooling

    • Central Individual A/C

  • Parking

    • Free Parking

    • Guest

    • Other

    • On Street

    Lot

    • Lot: 1107 Square Feet

    Other Property Information

    • Parcel Number: 01-41-09-083-0790

    • Zoning: 6100

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Other financial information

    • HOA: $718

    • HOA Frequency: Monthly

    • Annual tax amount: $6,500

  • Source details

    • MLS ID: A12028876

    Other facts

    • Water Source: Public

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MJ Estates, Inc.