520 Biltmore Way Coral Gables, FL $ 4,500,000
520 Biltmore Way
$ 4,500,000
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520 Biltmore Way

Coral Gables, FL, 33134
$ 4,500,000
Baths0.0 Sq 1,959

Monthly Estimate*

$ 31,434

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Studio

Commercial Property for sale in Coral Gables, FL

for $4,500,000. This 1,959 square foot building was built in 1957 on a lot size of 0.068871.

Remarkable opportunity in the heart of Coral Gables – an exquisite commercial building on the prestigious Biltmore Way. This self-standing gem boasts an impressive 1,959 sq. ft. located in the ultimate location within the Coral Gables commercial/residential district. The space features include high ceilings, granite floors, signage, 2 bathrooms, 2 zone HVAC, Alarm System, Laundry facility, a kitchen, 3 assigned parking spaces, and plenty of street-metered parking. Existing tenant is a long time high-end successful hair salon and spa, but this space offers an opportunity for other business uses including medical, banking, licensed professionals and more. This property also presents versatility that paves the way for future development options such as luxury condos, mixed use projects.

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Commercial Active

Price

$ 4,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 22,421

Style

Detached

Lot Size

0.068871

Year Built

1957

Town/City

Coral Gables

County/Region

Miami-Dade

MLS | Web ID

A11433677

Features
General
Sewer Other
Heating Central Electric
Cooling CentralAir
Possession ClosingFunding
Roof Composition
Architectural Style Detached
Security Features SecuritySystem MotionDetectors SmokeDetectors SecurityLights
Construction Materials Block
Year Built 1957
Property SubType Office
Percent Ownership Self Proprietor/Individual
County Miami-Dade County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Coral Gables
Buyer Agent Compensation 3.0%
Disclosures Other
View Y/N N
Senior Community Y/N N
Zoning Description 6100
MLS Area 41
Lot Size Square Feet 3000.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Biltmore Way
Listing Terms Cash Conventional
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Tax Annual Amount 22421.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N Y
Rent Control Y/N N
Virtual Tour https://youtu.be/6_7l7cw_xgI
Days on Market 235
Standard Status Active
Occupancy Description Owner
Legal Description 17 54 41 PB 20-28 CORAL GABLES BILTMORE SEC LOT 18 BLK 7 LOT SIZE 25.000 X 120 OR 18084-4137/18527-4408 0498 1 COC 21390-1878 06 2003 6
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Interior
Flooring Marble Slate
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Guest OnStreet
Water Source Public
Total Parking 3.0
Lot Size Area 3000.0
Spa N
Building Area Total 1959.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 520
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* Excluded Features
List By
Compass Florida, Llc.

Broker

iliana.abella@compass.com

Email

Affordability Calculator

$33,302
Per Month
94%
6%
0%
Monthly Principal & Interest
$31,434
Monthly Property Taxes
$1,868
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/27/2024$4,500,000 -25.00% Price Down
8/16/2023$6,000,000 Listed Price

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520 Biltmore Way, Coral Gables, FL, 33134 is a Commercial Property for sale at $4,500,000 with 1,959 sqft and a lot size of 0.068871. 520 Biltmore Way is a studio with 0.0 baths and was built in 1957. The property's zip code is 33134 which is in Coral Gables, FL