$5,500,000
$6,500,000
15.4%For more information regarding the value of a property, please contact us for a free consultation.
329 Palermo Ave Coral Gables, FL 33134
9,958 SqFt
Key Details
Sold Price $5,500,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 9,958 sqft
Price per Sqft $552
MLS Listing ID A11269370
Sold Date 04/28/23
HOA Y/N No
Year Built 1971
Annual Tax Amount $43,295
Contingent No Contingencies
Lot Size 5,000 Sqft
Property Sub-Type Office
Property Description
The 329 Palermo Business Center presents an excellent opportunity for an owner. User to purchase a superb Class B office building. This 2-story Class B office building is located in the heart of Coral Gables CBD and is available for immediate occupancy. The 9958 Square feet office building has 12 on-site covered parking spaces along with 4 restrooms, a kitchen, a conference room and 18 offices in an open floor plan.329 Palermo would allow an owner-user to occupy this one-of-a-kind building for significantly less than they could lease on an annual basis. Rents in Coral Gables are on the rise with more and more tenants entering the market every day. Retail space commands a premium compared to office space and current lease structures in place limit the owners exposure to increased expenses.
Location
State FL
County Miami-dade County
Area 41
Direction 329 Palermo is centrally located in the Coral Gables Business District and is just a few blocks from both the new Plaza and Miracle Mile., which are two of the largest and most significant developments in Coral Gables.
Interior
Heating Central
Cooling Central Air
Exterior
Garage Yes
Private Pool Yes
Building
Story 2
Sewer Other
Water Public
Level or Stories Two
Structure Type Block
Others
Tax ID 03-41-17-005-4930
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with MAR NON MLS MEMBER
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