Commercial Property for Sale in Coconut Grove Florida 33134
111 Salamanca Avenue, Coconut Grove, Florida 33134
$2,200,000
$154 / sq ft Listed Sep 16, 2025
14,300 sqft
Building
2
Stories
4
Units
About this property
Commercial Property for Sale in Coconut Grove Florida 33134 is a multifamily for sale in Coconut Grove, Florida, listed at $2,200,000. Key details: building size 14,300 sqft, stories 2, total units 4, property status Normal Sale. Listed by Manuel Chamizo III of ONE Sotheby's on LoopingCloud and last updated May 14, 2026.
ONE Sotheby's International Realty is proud to present a rare opportunity to acquire a 4-unit multifamily property at 111 Salamanca Avenue, nestled in the heart of Coral Gables, Florida. This property, located on a premier corner lot, offers the classic charm and potential for steady rental income or a transformative redevelopment.
Each of the four units is exceptionally spacious, averaging 1,236 square feet, a rare find in this prestigious market. This makes it an ideal investment for those looking for a versatile asset. Whether you choose to renovate the existing building to generate stable rental income or pursue a new multifamily development, this property offers a perfect canvas to bring your vision to life.
"The City Beautiful" of Coral Gables is renowned for its architectural charm, luxury, and high property values. This location provides unmatched convenience, with easy access to Brickell, Downtown Miami, and the Miami International Airport. It is also just minutes from world-class amenities, top-rated schools, and lush parks, attracting a consistent demand from residents, professionals, and families.
Key highlights
- Townhome Project
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Business Opportunities
| Company | Business type | Contact | Phone | |
|---|---|---|---|---|
| BAY TITLE COMPANY | Title Services | ALANA Supraski | (305) 692-8886 |
Property details
Key facts
- Building Size
- 14,300 sqft
- Stories
- 2
- Total Units
- 4
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$154
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $2,200,000 | 3% | 3% | - | - |
Features and amenities
Property Other Use Types
- Townhome Project
Highlights
- Rare Opportunity: A unique chance to acquire a 4-unit multifamily property in the heart of Coral Gables.
- Prime Location: Situated on a premium corner lot at Salamanca Avenue and Galiano Street
- Renovation or Redevelopment: The property is a perfect "canvas" for either renovating for rental income or redeveloping into a new multifamily venture.
- Spacious Units: Each of the four units averages 1,236 square feet, providing a significant value proposition.
- Steady Income Potential: Ideal for investors seeking a stable stream of rental income.
- High-Demand Market: Located in "The City Beautiful," a desirable and affluent area with consistently high property values.
- Unmatched Convenience: Minutes from major business hubs like Brickell and Downtown Miami.
- Exceptional Accessibility: A short drive to Miami International Airport and the eclectic charm of Coconut Grove.
- World-Class Amenities: Close proximity to top-rated schools, luxury shopping on Miracle Mile, and lush parks.
- Significant Upside: The property offers limitless potential for developers due to the city's strong demand for upscale residences.
Location
Address as shown by the lister.
Get directionsAbout this area - Miami
- Population
- 34,045
- Housing units
- 15,477
- Land area
- 5.2 sq mi
- County
- Miami Dade
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Coconut Grove Florida 33134?
Commercial Property for Sale in Coconut Grove Florida 33134 is listed at $2,200,000. That works out to about $154 per square foot.
Where is Commercial Property for Sale in Coconut Grove Florida 33134 located?
The property is in 111 Salamanca Avenue, Coconut Grove, Florida 33134, Miami Dade County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 14,300 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Manuel Chamizo III of ONE Sotheby's listed this property. Use the Request Info button to send a message or call (305) 666-0562.
When was this listing published?
It was published on September 16, 2025 and last updated on May 14, 2026.
Listing information
- Listing ID
- CL-Florida-26339
- Published
- Sep 16, 2025
- Last updated
- May 14, 2026
- Views
- 292
- Status
- Sold
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