Introducing the rare opportunity to acquire over 1.6 acres of covered land ripe for re-development in the ultra-prime Coral Gables sub-market of Miami. Boasting a highly efficient layout with T6-8-O zoning on the majority of the assemblage, the site allows for 167 units by-right and is ideal for a mid-rise project of varying uses (i.e. mixed-use, multi-family, condo, office, hotel, and more).
On top of all of that, the sale includes a nearly 18,000 Sq. Ft. banquet hall and catering kitchen Renaissance at the Gables, and a 2,300 Sq. Ft. duplex that are well-maintained and operational. This allows a developer the flexibility to either develop immediately or play the long game as a covered-land opportunity.
Property Details
Price
$15,920,000
Taxes
$67,186 / year
Subdivision
AMND MIAMI SUBURBAN ACRES
Waterfront
No
Type
Land
MLS#
A11522025
Status
Active
Property Details
Price
$15,920,000
Price Change
-3.49% ($575,000)
MLS#
A11522025
Status
Active
Taxes
$67,186 / year
Subdivision
AMND MIAMI SUBURBAN ACRES
Waterfront
No
Location
Listing Courtesy of The Alpha Commercial Advisors LLC
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and expressly disclaim any liability in connection therewith. No financial or legal advice provided and fully support the principles of the Fair Housing Act and the Equal Opportunity Act.