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2811-2831 S Bayshore Dr 10,097 SF Office/Retail Condo Unit in Miami, FL 33133
Investment Highlights
- Recently signed 10 year lease with options
- Ground floor of Park Grove development
- Located in Coconut Grove
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Fully leased retail condominium located at Park Grove, a landmark mixed-use development at 2831 South Bayshore Drive in the heart of Coconut Grove. Developed by renowned industry leaders Terra Group and Related Group,
Park Grove is one of the most ambitious and architecturally significant luxury residential developments ever delivered in Coconut Grove, comprised of three ultra-luxury residential towers totaling 263 condominium residences.
Park Grove is one of the most ambitious and architecturally significant luxury residential developments ever delivered in Coconut Grove, comprised of three ultra-luxury residential towers totaling 263 condominium residences.
Sale Notes
The offering consists of approximately 10,000 SF of ground-floor space within One Park Grove, prominently positioned along South Bayshore Drive with direct exposure toward Biscayne Bay. The property is currently leased to a long-term tenant under a recently executed 10-year lease, providing investors with stable in-place cash flow.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 102 | 10,097 SF | Office/Retail | Upon Request | $898,378.09 CAD |
Unit 102
| Unit Size |
| 10,097 SF |
| Condo Use |
| Office/Retail |
| Price |
| Upon Request |
| NOI |
| $898,378.09 CAD |
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Unit 102
| Unit Size | 10,097 SF |
| Condo Use | Office/Retail |
| Price | Upon Request |
| NOI | $898,378.09 CAD |
| Sale Type | Investment |
| Description | |
| Fully leased retail condominium located at Park Grove, a landmark mixed-use development at 2831 South Bayshore Drive in the heart of Coconut Grove. Developed by renowned industry leaders Terra Group and Related Group,<br> Park Grove is one of the most ambitious and architecturally significant luxury residential developments ever delivered in Coconut Grove, comprised of three ultra-luxury residential towers totaling 263 condominium residences.</li></ul> | |
| Sale Notes | |
| The offering consists of approximately 10,000 SF of ground-floor space within One Park Grove, prominently positioned along South Bayshore Drive with direct exposure toward Biscayne Bay. The property is currently leased to a long-term tenant under a recently executed 10-year lease, providing investors with stable in-place cash flow.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 10,097 SF | Typical Floor Size | 10,097 SF |
| Property Type | Office (Condo) | Year Built | 2018 |
| Property Subtype | Office/Residential | Tenancy | Single |
| Building Class | B | Lot Size | 1.14 AC |
| Floors | 1 | ||
| Zoning | 6110 - Commercial Planned Development | ||
| Total Building Size | 10,097 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 10,097 SF |
| Year Built | 2018 |
| Tenancy | Single |
| Lot Size | 1.14 AC |
| Zoning | 6110 - Commercial Planned Development |
Amenities
- 24 Hour Access
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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2811-2831 S Bayshore Dr
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