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