Sold

329 Palermo Ave

Coral Gables FL, 33134

$5,500,000


$552.32 per sqft

Sold

9,958 sqft

Commercial

Built in 1971

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.

A11269370

MLS ID

September 13, 2022

Listed

February 15, 2024

Updated

Map

329 Palermo Ave
Coral Gables FL, 33134

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Building A/C


Heating

Yes


Heating Description

Central Building A/C

Exterior/Building Features

Lot Size

0.11 Acres


Sewer

Other

Other Property Details

Taxes

$43,295


Tax Frequency

Annually


Days on Market

139


Garage

Yes


Parking

Covered, Garage, Handicap Parking


View

No


County

Miami-Dade County


Water Source

Public


Pool

No


Zoning

6600


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

11/10/2023

Sold

$5,500,000

4/28/2023

Price Change

$5,500,000

-16%

4/28/2023

Unknown

Courtesy of One Sotheby's International Realty with Manuel Chamizo III,
Listing Contact: [email protected] 

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  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. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. 

©2024 Miami Association of REALTORS® all rights reserved. 

Data last updated 8:43 PM UTC, 2/15/2024.

Powered byLuxury Presence