Mixed use property in 1627 SW 37th Avenue CU-1, Miami, FL 33145 for sale with MLS# A12028876

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!

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Days on the market

1627 SW 37th Avenue CU-1, Miami, FL 33145

Price
Price:
$499,900.00
Original List Price:
$499,900.00
List Price per Sq Ft (Calculated, Approx.):
$451.58
Lease Details
Tenant Pays:
Electricity, Hvac Maintenance, Insurance, Telephone, Maintenance, Inside Insurance, Interior Electric, Fire Liability Insurance, Interior Maintenance
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Commercial Sale
Property Type:
Mixed Use
Description of Last Important Update:
New Listing
Last Major Update on:
June 1, 2026 4:00 am
Other Special Conditions:
Corporate Owned
Measures
Built-Up Area:
1,107 Sqft
Lot Size Acres:
0.03
Property Features
Air Conditioning
Air Conditioning System:
Central Individual
Heating
Heating System:
Electric
Construction
Year Built:
2004
Number of Buildings:
1
Number of Units Total:
1
Number of stories:
9
Structure Type:
Office
Road Frontage Type:
City Street, County Road
Flood Zone Code:
X
Property Condition:
Resale
Taxes and Expenses
Tax Annual Amount:
$6,500.00
Tax Year:
2025
Association Fee:
$718.00
Association Fee Frequency:
Monthly
Parking
Parking Features:
Guest, Other, On Street, Free
Utilities
Sewer:
Public Sewer
Utilities Available:
Sewer Available
Water Source:
Public
Community
Senior Community:
No
Terms
Documents Available:
Copy Of Lease(s)
Listing Terms Considered by Seller:
Cash, Conventional, Owner Will Carry Points
Buyer Possession:
Negotiable, Close Of Escrow
Zoning and Legal
Tax Legal Description:
GABLES VIEW CONDO UNIT CU-1 UNDIV 1107/77627 INT IN COMMON ELEMENTS OFF REC 22074-1684 COC 24469-4737 04 2006 1
Real Estate Folio Number (Parcel Number):
0141090830790
Zoning:
6100
Listing History
Active on the market since:
June 1, 2026
Listing Agreement executed on:
June 1, 2026
Listing Status Last Changed On:
June 1, 2026 4:00 am
Photos updated on:
August 3, 2026 4:04 pm
Last Modified:
August 3, 2026 5:34 pm
Additional Information
Courtesy of:
MJ Estates, Inc.
Attribution:
Not provided
Location
Street Name:
37th
Street Number:
1627
Unit Number:
CU-1
City:
Miami
State:
Florida
Zip Code:
33145
County:
Miami-Dade
Latitude:
N25° 45' 22.5''
Longitude:
W81° 44' 44.1''
Street Suffix:
Avenue
Street Direction Prefix:
SW
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $70,592
Median Home Value $560,300
Median Rent $1,769/mo
Median Age 43
Population 29,454

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 45 Good
☀️ O3 30 Good
🫁 PM2.5 45 Good
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Association of REALTORS®
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