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2940 Oak Ave - Coconut Grove "Oak Avenue" shovel ready site 0.15 Acres of Commercial Land Offered at $11,076,480 CAD in Miami, FL 33133
Investment Highlights
- Shovel-ready Coconut Grove development site with approved plans for a 27,556 SF Class A mixed-use project.
- Four-story Class A office building with ground-floor retail, outdoor patio, and rooftop terrace overlooking the Grove.
- Prime Coconut Grove location near CocoWalk, Grove Harbor, luxury residential communities, and Miami's urban core.
- Rare Miami development opportunity with T5-O zoning, approvals in place, and short-term income from existing lease.
Executive Summary
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts Under Contract
1 Lot Available
Lot 01-4121-03
| Price | $11,076,480 CAD | Lot Size | 0.15 AC |
| Price Per AC | $72,939,239.11 CAD |
| Price | $11,076,480 CAD |
| Price Per AC | $72,939,239.11 CAD |
| Lot Size | 0.15 AC |
The GROVE OAK is a fully entitled 27,556 square-foot Class A mixed-use asset envisioned with a bottom floor retail/commercial, open-air patio. The development will house four floors of class-A offices and an open-air rooftop terrace with Grove views.
Description
2940 OAK AVENUE | COCONUT GROVE, FL 33133 The GROVE OAK Building Net Rentable Area Office: +/- 15,000 SF Ground: 4547 SF Roof Top: 3,436 SF Total: 27,556 SF Site Size: 6,618 SF | 0.152 Acres Parcel Number: 01412-034-0310 Zoning T5-O, Urban Center Zone The GROVE OAK is a proposed 27,556 square-foot Class A mixed-use asset envisioned with a bottom floor retail/commercial, open-air patio. The development will house four floors of class-A offices and an open-air rooftop terrace with direct views of Grove Harbor. Location & Access The Property is located on the south side of Oak Avenue, between Virginia Street and Rice Street in Coconut Grove.
Property Taxes
| Parcel Number | 01-4121-034-0310 | Improvements Assessment | $1,509 CAD (2025) |
| Land Assessment | $1,985,674 CAD (2025) | Total Assessment | $1,987,182 CAD (2025) |
Property Taxes
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2940 Oak Ave - Coconut Grove "Oak Avenue" shovel ready site
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