Medical Office – 3,018 sqft in Palmetto Bay, FL – Renovated with High Occupancy
Commercial Sale
Category: Medical Office
Price:$1,599,900
Location: Palmetto Bay, FL
Year Built: 1978
Days on Market: 96
Description:
This medical office is situated in Coral Reef Medical Park, directly across street from Jackson South Medical Center, on the corner of US1 and SW 152 Street, and just 2 miles east to Florida Turnpike, an excellent transportation connection and high traffic exposure. Spanning 3,018 sqft, this renovated medical suite provides 12 doctor offices/exam rooms, 2 spacious waiting areas, 2 dedicated receptionist rooms, 1 fully equipped kitchen, 3 bathrooms, 1 storage and 1 shower. A brand-new roof and a state-of-the-art elevator were just installed in year 2023. This medical suite is 95% occupied by top-notch tenants and has over 7.32% cap ratio. investors can expect a solid return on investment and long-term stability.
Renovated medical office at Coral Reef Medical Park, by Jackson South, 3018 sqft, brand-new roof and elevator, 95% occupied, over 7.32% cap ratio.
Listing Code: 1058162753