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255 University Dr
Coral Gables, FL 33134
Office Property For Sale


Executive Summary
Located in the heart of Coral Gables, 255 University Drive offers a rare opportunity to acquire a well-appointed Class B medical office property in one of South Florida’s most prestigious and supply-constrained submarkets. The ±11,000 SF property sits on an approximately 8,700 SF lot and is positioned to accommodate high-end medical and surgical uses, offering an institutional-quality presence in a highly walkable urban core. Currently vacant, ownership is actively negotiating long-term leases with medical users, creating a unique window for buyers to pursue either an owner-user strategy or acquire the asset as a near-term stabilized investment with lease-up upside.
The property benefits from an irreplaceable location just steps from The Plaza Coral Gables, a transformative mixed-use development that has significantly elevated the surrounding area with new office, residential, hospitality, and retail offerings. In addition, the site is within walking distance to Miracle Mile and numerous Class-A office buildings, restaurants, and amenities, further enhancing its appeal for both patients and practitioners. The mixed-use zoning (MX1) and existing buildout make it ideally suited for specialty practices, outpatient surgery centers, or boutique medical groups seeking a flagship presence in a premier market.
The property benefits from an irreplaceable location just steps from The Plaza Coral Gables, a transformative mixed-use development that has significantly elevated the surrounding area with new office, residential, hospitality, and retail offerings. In addition, the site is within walking distance to Miracle Mile and numerous Class-A office buildings, restaurants, and amenities, further enhancing its appeal for both patients and practitioners. The mixed-use zoning (MX1) and existing buildout make it ideally suited for specialty practices, outpatient surgery centers, or boutique medical groups seeking a flagship presence in a premier market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,742 SF
Building Class
B
Year Built
1958
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,200 SF
Slab To Slab
10’
Building FAR
1.20
Lot Size
0.20 AC
Zoning
MX1 - MX-1 in Coral Gables allows low-intensity mixed-use: retail, office, medical, and residential in a walkable, neighborhood-compatible setting.
Parking
17 Spaces (1.58 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Conferencing Facility
- Security System
- Signage
- Natural Light
- Reception
- Air Conditioning
Property Taxes
| Parcel Number | 03-4117-005-8170 | Improvements Assessment | $3,736,993 CAD |
| Land Assessment | $5,072,649 CAD | Total Assessment | $8,809,642 CAD |
Property Taxes
Parcel Number
03-4117-005-8170
Land Assessment
$5,072,649 CAD
Improvements Assessment
$3,736,993 CAD
Total Assessment
$8,809,642 CAD
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