101 Madeira Ave

101 Madeira Avenue is a freestanding, two-story 7,254 SF office building on a 6,490 SF signalized corner in the heart of the Coral Gables CBD — one block east of Ponce de Leon Boulevard, with frontage on two streets and 13 dedicated on-site parking spaces. It is delivered vacant and already built out for medical or professional use, so an owner-user can take occupancy with no build-out budget and no permitting calendar.

In the Gables, the cost of renting keeps climbing. Asking rents for the best space have risen roughly 5.5% over the past four quarters to about $64 per square foot, and every renewal resets from a higher number — a firm leasing 7,254 SF pays on the order of $464,000 a year, escalating annually and building no equity. 101 Madeira is the other path: as an owner-occupant, roughly 10% down through SBA 504 financing replaces an escalating rent check with a fixed, amortizing cost, and the equity accrues to the owner rather than the landlord.

Recently reduced to $5,950,000, or about $820 per square foot. Beyond the in-place building, MX2 zoning at a 3.5 FAR supports approximately 22,700 SF of buildable area and residential density up to 125 units per acre — keeping a longer-term redevelopment path open behind a fully income-capable asset.

Steps from the Coral Gables Trolley and a short walk to Giralda Plaza, Miracle Mile, and Books & Books, with Douglas Road Metrorail, Coconut Grove (10 minutes), and Miami International Airport (15 minutes) close at hand. Suited to an owner-user with SBA financing, a medical or dental practice with patient parking on site, or a legal, financial, or family-office headquarters at an address that carries weight.