3120 Commodore Plaza
Miami, FL 33133
$18,990,000
- Land
- 37,581 SF building
- 0 SF lot
- $505/SF
Highlights
- 37,581 SF building on a 0 SF lot
- Zoned T5-O in Miami (as listed)
- Asking $505/SF
Property facts
- Price
- $18,990,000
- Price per SF
- $505/SF
- Property type
- Land
- Building size
- 37,581 SF
- Lot size
- 0 SF
- Zoning
- T5-O in Miami
- Neighborhood
- Coconut Grove
Zoning is the code the listing gives; what a code allows depends on the city.
About this property
DWNTWN Realty Advisors is pleased to present a core Coconut Grove NNN ground-leased investment—offering a fee simple interest in 19,325 SF of land encumbered by a 99-year ground lease (approximately 92 years remaining). The property is improved by a 37,581 SF, 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 strong 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.
From the listing broker.
