2940 OAK BUILDING

2940 Oak Ave Miami, FL 33133

2940 Oak Ave, Miami, FL, 33133
2940 Oak Ave, Miami, FL, 33133 2940 Oak Ave, Miami, FL, 33133 2940 Oak Ave, Miami, FL, 33133 2940 Oak Ave, Miami, FL, 33133 2940 Oak Ave, Miami, FL, 33133
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$8,995,000
Last Verified:
Oct 02, 2024

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Highlights

  • THE GROVE OAK Building PROPOSED
  • 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 AND ACCESS
  • The Property is located on the south side of Oak Avenue, between Virginia Street and Rice Street in Coconut Grove.

Description

REMAX 360 is pleased to present the opportunity of "OAK AVE GROVE SHOVEL READY OFFICE, a proposed 27,556 square-foot Class A mixed-use asset located in the vibrant community of Coconut Grove. Designed by renowned architects Arquitectonica, this sleek and modern building offers an exceptional investment opportunity. The property features four floors of class-A offices, a ground floor retail/commercial space, and an expansive open-air rooftop terrace boasting breathtaking views of Grove Harbor. The site spans 6,618 square feet and is zoned T5-O, reflecting its prime urban center location. Coconut Grove's office market is thriving, with a vacancy rate of just 9.9% and strong absorption rates. This area has seen significant investment activity, with annual sales volume averaging $22.1 million over the past five years. Don't miss out on the chance to own a piece of this flourishing market. For more information on The Grove Oak Building and to explore this lucrative investment opportunity, contact our experienced team at 360 Real Estate today.

Opportunity being offered with plans

The Property is located on the south side of Oak Avenue, between Virginia Street and Rice Street in Coconut Grove, prime urban center location. Coconut Grove's office market is thriving, with a vacancy rate of just 9.9% and strong absorption rates.


Year Built: 2025
Building Size: 6618sq ft
Building Class: A
Lot Size: 0.15 acres

Map of 2940 Oak Ave, Miami, FL, 33133

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.