{"id":10061,"date":"2025-02-14T18:12:27","date_gmt":"2025-02-14T23:12:27","guid":{"rendered":"https:\/\/www.lee-associates.com\/southflorida\/?p=10061"},"modified":"2025-02-18T15:09:48","modified_gmt":"2025-02-18T20:09:48","slug":"lee-associates-south-florida-closes-1-85m-sale-of-mixed-use-coral-way-property-in-miami","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/southflorida\/2025\/02\/14\/lee-associates-south-florida-closes-1-85m-sale-of-mixed-use-coral-way-property-in-miami\/","title":{"rendered":"Lee & Associates South Florida Closes Sale of Mixed-Use Coral Way Property in Miami"},"content":{"rendered":"
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Firm Principal, Todd Cohen, represented the Seller to Secure Most Ideal Buyer for Notable $470 Price Per Square Foot in the Neighborhood<\/h3><\/div><\/div>
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\"FirmMIAMI, FL (February 12, 2025)<\/strong> \u2013 Lee & Associates South Florida<\/a> Principal Todd Cohen<\/a><\/strong> successfully represented the seller, H Atreides LLC, in the $1.85 million sale of a prime mixed-use office and multifamily property at 2464 Coral Way, Miami, FL 33145 to buyer 2464 Coral Way LLC. Despite prevailing market challenges, this sale represents nearly $470 per square foot exceeding market trends and expectations. Cohen effectively positioned the property to attract the most strategic buyer, securing a deal that aligns with both investment and redevelopment potential.<\/p>\n

The two-story, 3,950-square-foot property, situated on a rare double lot, offers a compelling combination of ground-floor office space and three fully leased apartments on the second floor. The asset provides immediate cash flow from existing tenants while also presenting an outstanding user opportunity for a medical or professional office. Additionally, the site\u2019s T5-O zoning under Miami21 allows for redevelopment up to four stories by right, making it a prime candidate for future mixed-use expansion.<\/p>\n

\u201cThis sale represents the resilience of the Miami real estate market,\u201d said Todd Cohen, Principal with Lee & Associates South Florida. \u201cBy leveraging our market expertise, we were able to navigate challenges and identify the most ideal buyer who recognized the property\u2019s value both as a current investment and for its future potential.\u201d<\/p>\n

Strategically positioned at a signalized intersection along Coral Way, the property enjoys excellent visibility, easy access, and close proximity to a range of amenities, including Publix, CVS, Starbucks, urgent care centers, and multiple restaurants. A public transit bus stop directly in front of the property further enhances accessibility.<\/p>\n

The transaction underscores Lee & Associates South Florida\u2019s expertise in sourcing qualified buyers and structuring deals that maximize value for clients in a dynamic and evolving market.<\/p>\n

For more information on this transaction or other investment opportunities, please contact Todd Cohen<\/a><\/strong> at Lee & Associates South Florida.<\/p>\n<\/div>\n<\/div><\/div>

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About Lee & Associates | South Florida<\/u><\/strong><\/a><\/p>\n

Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent\u2019s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making.\u00a0 The Lee & Associates\u2019 robust national network that sold and leased over $115 Billion over the last 5 years offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com<\/a>\u00a0or follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>\u00a0and\u00a0Instagram<\/a>, our company local news<\/a>.<\/p>\n

About Lee & Associates<\/u><\/strong><\/a><\/p>\n

Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices\u00a0in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. \u00a0For the latest news from Lee & Associates, visit\u00a0lee-associates.com<\/a>\u00a0or follow us on\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a>,\u00a0Twitter<\/a>\u00a0and\u00a0Link<\/a>, our company blog.<\/p>\n<\/div>\n<\/div><\/div>

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\n\t\t\t\n\t\t\t\"Lee\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

MIAMI, FL (February 12, 2025) \u2013 Lee & Associates South Florida Principal Todd Cohen successfully represented the seller, H Atreides LLC, in the $1.85 million sale of a prime mixed-use office and multifamily property at 2464 Coral Way, Miami, FL 33145 to buyer 2464 Coral Way LLC. Despite prevailing market challenges, this sale represents nearly $470 per square foot exceeding market trends and expectations. Cohen effectively positioned the property to attract the most strategic buyer,…<\/p>\n","protected":false},"author":76,"featured_media":10062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,1817,108,107,2],"tags":[1843],"class_list":["post-10061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-investment-sale","category-multifamily","category-office","category-press-releases","tag-todd-cohen"],"yoast_head":"\nLee & Associates South Florida Closes Sale of Mixed-Use Coral Way Property in Miami - Lee & Associates South Florida<\/title>\n<meta name=\"description\" content=\"Firm Principal, Todd Cohen, represented the Seller to Secure Most Ideal Buyer for Notable $470 Price Per Square Foot in the Neighborhood\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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