Properties Sold For $23M and Listed For $39.5M In Coconut Grove

Overview of Coconut Grove

A two story building in Coconut Grove, located at 3034 Grand Avenue, which used to be the home of the restaurant Johnny Rockets, has sold for $23 million, according to The Real Deal. 

The 22,226 square foot lot, built in 1925, sits across from the mall Cocowalk, which sold for $87.5 million in 2015 and the newly revamped Engle Building, which now includes Panther Coffee, Harry's Pizzeria and Kit & Ace. The building was purchased by L3 Capital from Grove Corner LLC, who paid $10.5 million for the property in 2013. 

Further down the street at 3101 Grand Avenue, a 1.35 acre site, which includes a Subway, Kwik Food Store and UPS has been listed for $39.5 million, according to The Real Deal.