NOT LISTED FOR SALE

Estimated Value: $3,302,607

-- Bed
-- Bath
6,500 Sq Ft
$508/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • No HOA
  • 3-minute walk to Lincoln Park
  • Coconut Grove Elementary School Rated A
  • Guest Parking

About This Home

As of January 2012

EXCELLENT RESTAURANT (FIRST FLOOR) FOR RENT IN COCONUT GROVE, INCLUDED FURNISHED AND MODERN EQUIPMENTS. READY TO OPERATE WITH LICENSES. SEATING CAPACITY FOR 60 PERSONS. INCLUDED 12 PARKING SPACES AND ENOUGH PARKING NEGOTIABLE IN SHOPPING CENTER OF NEXT DOOR. TOTALLY REMODELED BUILDING WITH MARBLE & WOOD FLOORS. SECOND FLOOR COULD BE OFFICES, BANKET HALL, OR DESIGNED TO BE VERY ADAPTABLE TO USERS NEEDS, FOR RENT ALSO WITH $2,000 MORE.

Last Agent to Rent the Property

Maria Antonia Avich

Jordan Realty License #3020127 Listed on: 11/17/2011

Last Renter's Agent

Paul Gonzalez

Iconic Miami Realty License #3199955

Property Details

Property Type

  • Other

Year Built

  • Built in 1938

Lot Details

  • 6,500 Sq Ft Lot
  • Property is zoned 61/COMME

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Wood
  • Slate Flooring

Parking

  • 12 Parking Spaces
  • Guest Parking

Utilities

  • 100 Amp Service

Community Details

  • No Home Owners Association
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 01-41-16-033-0110

Property Details

Property Type

Other

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1938
  • Property Sub Type: Lease
  • Business Type: Restaurant/Bar, Special Purpose
  • Directions: BIRD ROAD
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Lease
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Marble/Slate Floors, Wood
  • Stories: 2

Exterior Features

  • Roof: Barrel Roof
  • Construction Type: CBS Construction
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Guest, Other
  • Total Parking Spaces: 12

Utilities

  • Electric: 100 Amp Service
  • Electricity On Property: Yes
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-41-16-033-0110
  • Current Use: Commercial Lease
  • Lot Size Sq Ft: 6500
  • Zoning: 61/COMME
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units In Community: 7

Tax Info

  • Tax Annual Amount: 16641

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2011
Sold by
2121 Acquisition
Bought by
Grove Property Llc
Current Estimated Value
$3,302,607

Purchase Details

Closed on
Jun 5, 2006
Sold by
Grove Property Llc
Bought by
2121 Acquisition Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,520,000
Interest Rate
6.51%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 13, 2004
Sold by
Estrella Nicolas
Bought by
Grove Property Llc

Purchase Details

Closed on
Jun 10, 2004
Sold by
Giu S A
Bought by
Estrella Nicolas

Purchase Details

Closed on
Aug 23, 1999
Sold by
Fontainesi Carlo
Bought by
Giu S A Co

Purchase Details

Closed on
Sep 9, 1997
Sold by
Clerk Of The Court
Bought by
Fontanesi Carlo

Purchase Details

Closed on
Aug 5, 1994
Sold by
Fontanesi Carlo
Bought by
Miami Wholesale Grocery Co Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.65%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Grove Property Llc -- Attorney
2121 Acquisition Llc $1,900,000 None Available
Grove Property Llc $820,000 --
Estrella Nicolas $820,000 --
Giu S A Co $395,000 --
Fontanesi Carlo $475,500 --
Miami Wholesale Grocery Co Inc $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2121 Acquisition Llc $1,520,000
Previous Owner Miami Wholesale Grocery Co Inc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2012 01/27/12 Rented $7,725 -3.4% --
01/10/2012 01/10/12 Under Contract -- -- --
11/16/2011 11/16/11 For Rent $8,000 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,710 $1,083,525 $812,500 $271,025
2024 $21,280 $1,083,698 $812,500 $271,198
2023 $21,280 $1,035,182 $780,000 $255,182
2022 $20,356 $964,626 $0 $0
2021 $18,632 $876,933 $650,000 $226,933
2020 $20,065 $942,106 $715,000 $227,106
2019 $18,519 $867,540 $650,000 $217,540
2018 $18,175 $867,713 $650,000 $217,713
2017 $17,575 $808,942 $0 $0
2016 $16,051 $735,402 $0 $0
2015 $15,150 $678,983 $0 $0
2014 $13,999 $617,258 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A1574790

MIAMI REALTORS® MLS

APN: 01-4116-033-0110