2811 Bayshore Drive - Park Grove Retail Condo
2811 S Bayshore Drive, Miami, FL 33133
Marketing description
As exclusive listing broker, Colliers is pleased to present the opportunity to acquire a premier retail condominium located at Park Grove, a landmark mixed-use development at 2831 South Bayshore Drive in the heart of Coconut Grove. Developed by renowned industry leaders Terra Group and Related Group, Park Grove is one of the most ambitious and architecturally significant luxury residential developments ever delivered in Coconut Grove, comprised of three ultra-luxury residential towers totaling 263 condominium residences.
The offering consists of approximately 10,000 SF of ground-floor space within One Park Grove, prominently positioned along South Bayshore Drive with direct exposure toward Biscayne Bay. The property is currently leased to a long-term tenant under a recently executed 10-year lease, providing investors with stable in-place cash flow.
Situated within Coconut Grove, one of Miami's most established and affluent neighborhoods, Park Grove offers investors the rare opportunity to acquire a trophy office asset backed by long-term tenancy within a world-class luxury development and one of Miami's most desirable live-work-play environments.
Investment highlights
- 100% Leased Retail Condo
- Ground Floor - Park Grove
- 10,097 SF
- 112' Frontage on S Bayshore Drive
- Initial Lease Term: 10 Years
- Two (2) 5-year Options
- Lease Start Date: November 1, 2023
- Initial Term Expiration: August 31, 2034
- Tenant: Consilio - global legal services and technology company
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