Palermo Business Hub

Highlights:

• Fully Renovated 2 story Office
• (MX3), the property is currently configured for office use and represents a rare opportunity to acquire a boutique building in one of South Florida’s most prestigious business districts.
• This unique proposition offers the opportunity to purchase an adjacent parking lot from the City of Coral Gables for a mixed-use redevelopment

Description:

One Sotheby’s International Realty is proud to present 365 Palermo Avenue, Coral Gables.
Ideally positioned in the heart of Coral Gables, this distinguished two-story commercial property offers approximately 6,883 square feet of interior space on a 5,000 square-foot lot. Built in 1970 and updated to current standards in 2022. Zoned Mixed-Use 3
(MX3), the property is currently configured for office use and represents a rare opportunity to acquire a boutique building in one of South Florida’s most prestigious business districts.
365 Palermo Avenue provides an exceptional value-add or redevelopment opportunity, offering investors the flexibility to reposition the asset as a high-end professional office, boutique retail destination, or creative mixed-use space. Its size and layout make it ideal for owner-users or boutique firms seeking a prominent address in Coral Gables without the scale or management demands of a larger asset.
This unique proposition offers the opportunity to purchase an adjacent parking lot from the City of Coral Gables for a mixed-use redevelopment.
Currently Leased Ends: December 31, 2026
Current Annual Rent: $320,100
Current Rent per Sq. Ft.: $50.00

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