Prime Free-Standing Office Building for Sale in Coral Gables. Exceptional opportunity to acquire a well-maintained, 2-story free-standing office building in the heart of Coral Gables. Built in 1971 and meticulously cared for by the same owner for over 40 years, this 3,832 SF building sits on a 5,050 SF lot with Mixed-Use 2 (MX2) zoning, offering excellent flexibility for a variety of commercial uses. Recent capital improvements include a brand-new roof and updated electrical systems completed in 2024. Currently 75% tenant occupied with short-term leases, the property provides immediate income with the ability to reposition or occupy. Includes six marked on-site parking spaces in the rear. A rare investment or end-user opportunity in one of South Florida’s most desirable business districts.
117 Majorca Ave, Coral Gables, FL, 33134
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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