365 Palermo Ave
Coral Gables, FL 33134 Crafts

One Sotheby’s International Realty is proud to present 365 Palermo Avenue, Coral Gables.
Ideally positioned in the heart of Coral Gables, this distinguished two-story commercial property offers approximately 6,883 square feet of interior space on a 5,000 square-foot lot. Built in 1970 and updated to current standards in 2023. Zoned Mixed-Use 3
(MX3), the property is currently configured for office use and represents a rare opportunity to acquire a boutique building in one of South Florida’s most prestigious business districts.
365 Palermo Avenue provides an exceptional value-add or redevelopment opportunity, offering investors the flexibility to reposition the asset as a high-end professional office, boutique retail destination, or creative mixed-use space. Its size and layout make it ideal for owner-users or boutique firms seeking a prominent address in Coral Gables without the scale or management demands of a larger asset.
This unique proposition offers a possibility to purchase an adjacent parking lot for a mixed-use redevelopment.
Currently Leased  Ends: December 31, 2026
Current Annual Rent: $320,100
Current Rent per Sq. Ft.: $50.00