Log In/Sign up
Your email has been sent.
3120-3138 Commodore Plz 37,581 sq ft 100% Let Retail Property Coconut Grove, FL 33133 £14,205,090 (£377.99/sq ft)
INVESTMENT HIGHLIGHTS
- 3120-3138 Commodore Plaza presents an absolute, long-term, NNN ground-lease land tract of 0.44 acres.
- An irreplaceable real estate investment opportunity; live local eligible.
- Bond-Like (30-Yr TIPS) alternative with 3% compound increases and CPI protection.
- The building is under a current demolition order from the City of Miami, the ground tenant is in default.
EXECUTIVE SUMMARY
DWNTWN Realty Advisors is pleased to present a core Coconut Grove NNN ground-leased investment—offering a fee simple interest in 19,325 square feet of land with a 99-year ground lease (approximately 92 years remaining). The property is improved by a 37,581-square-foot, four-story mixed-use building located at 3120–3138 Commodore Plaza, in the central core of one of Miami’s most revered townships. The long-term lease features 3% annual compound increases and CPI protection, delivering stable, inflation-hedged income in a premier location surrounded by luxury residences, fine dining, and a thriving commercial scene. With substantial in-place income and built-in rent growth, this generational asset offers durable and predictable cash flow with safe-haven characteristics in one of South Florida’s most supply-constrained, high-barrier-to-entry markets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Size
37,581 sq ft
Costar Property Class
C
Year Built
1986
Price
£14,205,090
Price per sq ft
£377.99
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
1.96
Total Plot Size
0.44 ac
Use Class
T5-O - Transect Zone
Walk Score®
Excellent pedestrian access (98)
Bike Score®
Good for cycling (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-4121-032-0009 | Improvements Assessment | £164,792 |
| Land Assessment | £1,856,970 | Total Assessment | £2,021,761 |
PROPERTY TAXES
Parcel Number
01-4121-032-0009
Land Assessment
£1,856,970
Improvements Assessment
£164,792
Total Assessment
£2,021,761
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
3120-3138 Commodore Plz
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.