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101 Madeira Ave
Coral Gables, FL 33134
Office Property For Sale
Investment Highlights
- ±7,254 SF | Two-Story Freestanding Office Building | Delivered Vacant
- 13 Dedicated On-Site Parking Spaces | Among the Rarest Physical Attributes in This Submarket
- ±6,490 SF Signalized Corner Lot | Dual-Street Frontage | Effectively a Double Lot for Infill Office in the Coral Gables CBD
- MX2 Zoning | 3.5 FAR | ±22,700 SF Maximum Buildable Envelope | Residential Density Permitted at 125 Units Per Acre
Executive Summary
PCK Commercial presents 101 Madeira Avenue — a ±7,254 SF freestanding, two-story office building on a signalized corner in the Coral Gables CBD. Delivered vacant with 13 dedicated on-site parking spaces with dualstreet frontage and situated on a ±6,490 SF corner lot. An increasingly rare combination in this market providing effectively a double lot by Coral Gables standards. The property offers scale, visibility and functionality that most infill assets simply cannot match.
Zoned MX2 with a 3.5 FAR, the site supports up to ±22,700 SF of buildable area and residential density of 125 units per acre, providing true long-term optionality. Coral Gables is one of the most supply-constrained office submarkets in the Southeast, with limited new delivery and consistent rent growth driven by legal, financial and medical users. As Brickell pushes toward $100/SF and Coconut Grove remains inventory-constrained, the Gables continues to outperform as a stable, high-demand alternative. For an owner-user, this is a control play. Eliminate uncertainty in leasing and secure a flagship location with irreplaceable fundamentals and future expansion potential.
Zoned MX2 with a 3.5 FAR, the site supports up to ±22,700 SF of buildable area and residential density of 125 units per acre, providing true long-term optionality. Coral Gables is one of the most supply-constrained office submarkets in the Southeast, with limited new delivery and consistent rent growth driven by legal, financial and medical users. As Brickell pushes toward $100/SF and Coconut Grove remains inventory-constrained, the Gables continues to outperform as a stable, high-demand alternative. For an owner-user, this is a control play. Eliminate uncertainty in leasing and secure a flagship location with irreplaceable fundamentals and future expansion potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,254 SF
Building Class
B
Year Built
1963
Price
$8,631,000 CAD
Price Per SF
$1,189.83 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,698 SF
Slab To Slab
10’
Building FAR
1.11
Lot Size
0.15 AC
Zoning
MX2 - Mixed-Use 2 - MX2 is the City of Coral Gables' mid-intensity mixed-use zoning designation, applied to properties within and adjacent to the Coral Gables CBD.
Parking
13 Spaces (1.79 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Fenced Lot
- Security System
- Signage
- Kitchen
- Demised WC facilities
- Plug & Play
- Drop Ceiling
- Air Conditioning
Property Taxes
| Parcel Number | 03-4108-007-0200 | Improvements Assessment | $1,305,610 CAD |
| Land Assessment | $2,667,390 CAD | Total Assessment | $3,973,000 CAD |
Property Taxes
Parcel Number
03-4108-007-0200
Land Assessment
$2,667,390 CAD
Improvements Assessment
$1,305,610 CAD
Total Assessment
$3,973,000 CAD
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