1627 SW 37th Avenue CU1, Miami, FL 33145

$499,900

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12028876

Property Type: Commercial Sale Square Footage: 1,107 Status: Active

Current Price: $499,900 List Date: 6/01/2026 Last Modified: 6/10/2026

Overview

Description

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 t ... (Read more)

Listing Details MLS# A12028876

General Property Information

Number Of Buildings: Yes
Property Sub Type: Mixed Use
Number Of Units Total: Yes
Occupant Type: Tenant
Building Area Main: 1107
Year Built: 2004
Lot Size Area: 1107
Lot Size Acres: 0.03
Stories Total: 9

Property Features

Ceiling: Exposed; Insulated Common Area Maintenance Includes: Exterior Electric; Exterior Maintenance; Lawn Care; Outside Insurance; Sewer; Water Documents Available: Copy Of Lease(s) Heating: Electric Parking Features: Free; Guest; On Street; Other Possession: Close Of Escrow; Negotiable Property Condition: Resale Tenant Pays: Electricity; Fire Liability Insurance; HVAC Maintenance; Inside Insurance; Insurance; Interior Electric; Interior Maintenance; Maintenance; Telephone Cooling: Central Individual Listing Terms: Cash; Conventional; Owner Will Carry Road Frontage Type: City Street; County Road Sewer: Public Sewer Special Information: Corporate Owned Structure Type: Office Utilities: Sewer Available Water Source: Public Showing Requirements: Appointment Only

Contract Information

Comp Sale YN: No
Original List Price: 499900

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 1627
Street Direction Prefix: SW
Street Name: 37th
Street Suffix: Avenue
Unit Number: CU1
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33145
Postal Code +4: 1726
Area: 2410
Parcel Number: 0141090830790
Subdivision Number: 83
Zoning: 6100
Flood Zone: X
Property Description: Commercial mix

Financial Information

Association Fee: 718
Association Fee Frequency: Monthly
Tax Annual Amount: 6500
Tax Year: 2025
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

Status Change Information

Major Change Timestamp: 2026-06-01T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-06-01

More Information

Building and Property Details

# Of Offices: 2
# Of Tenants: Yes
# Of Toilets: Yes
% Air Conditioned: Yes
Interior Ceiling Height: 10
Maximum Ceiling Height: 10

Meter Information

Number Of Meters Total: Yes

Income and Expenses

Gross Income: 45000
Net Operating Income: 28000
Other Expense: 17000
Real Estate Taxes: 6500
Occupancy Percentage: 100
Vacancy Allowance Rate: 0

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: Yes
Furnished: No
Annual Rent: 3757

Price Calculations

Current Price To SqFt: 451.58

Section Details

Parcel Number MLX: 0790

Originating Details

Originating System Key: 502766000
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Parking Features

Free: Yes
Guest: Yes
On Street: Yes
Other: Yes

Property Condition

Resale: Yes

Documents Available

Copy Of Lease(s): Yes

Structure Type

Office: Yes

Tenant Pays

Electricity: Yes
Fire Liability Insurance: Yes
HVAC Maintenance: Yes
Inside Insurance: Yes
Insurance: Yes
Interior Electric: Yes
Interior Maintenance: Yes
Maintenance: Yes
Telephone: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Special Information

Corporate Owned: Yes

Utilities

Sewer Available: Yes

Ceiling

Exposed: Yes
Insulated: Yes

Common Area Maintenance Includes

Exterior Electric: Yes
Exterior Maintenance: Yes
Lawn Care: Yes
Outside Insurance: Yes
Sewer: Yes
Water: Yes

Heating

Electric: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner Will Carry: Yes

Road Frontage Type

City Street: Yes
County Road: Yes

Water Source

Public: Yes

Cooling

Central Individual: Yes

Showing Requirements

Appointment Only: Yes

Listing Office: MJ Estates, Inc.

Last Updated: June - 10 - 2026

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1627 SW 37th Avenue CU1, Miami, FL 33145 (MLS# A12028876)