Lee & Associates South Florida Closes Sale of Mixed-Use Coral Way Property in Miami
Firm Principal, Todd Cohen, represented the Seller to Secure Most Ideal Buyer for Notable $470 Price Per Square Foot in the Neighborhood
MIAMI, FL (February 12, 2025) – 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, securing a deal that aligns with both investment and redevelopment potential.
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’s T5-O zoning under Miami21 allows for redevelopment up to four stories by right, making it a prime candidate for future mixed-use expansion.
“This sale represents the resilience of the Miami real estate market,” said Todd Cohen, Principal with Lee & Associates South Florida. “By leveraging our market expertise, we were able to navigate challenges and identify the most ideal buyer who recognized the property’s value both as a current investment and for its future potential.”
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.
The transaction underscores Lee & Associates South Florida’s expertise in sourcing qualified buyers and structuring deals that maximize value for clients in a dynamic and evolving market.
For more information on this transaction or other investment opportunities, please contact Todd Cohen at Lee & Associates South Florida.
