2720 Southwest 37th Avenue
- One block assemblage on Douglas Road
- Directly across from the soon-to-be-renovated Douglas Park
- 20,581 SF of T 6 8 0 zoned land
- Located at the edge of Coral Gables
- Three fully rented mixed-use buildings generating $18,000 monthly income
- 70 units feasible with live local
- Approximately half a mile from the metrorail
- T 6 8 0 zoning allows apartments, storage, retail, office uses
- Suitable for medical development, with Coral Gables Hospital two blocks away
- Feasible square footage is 120k with live local
Property Description
Feasibility study now available! Synergy Realty Advisors exclusively presents a 20,581 sf T 6 8 0 zoned assemblage on Douglas Road, at the edge of Coral gables. Three fully rented mixed use buildings producing $18,000 a month. 70 Units possible with live local in a 120k sf, 12 story building with rooftop pool and three levels of parking (75 units with one level of underground parking). By right, 42 units are feasible in a 96k sf 8 story building with a rooftop pool deck and three levels of parking (55 units with one level of underground parking). Available on its own or with the block to the south. T 6 8 0 is the most desirable mid rise zoning in City of Miami, allowing for apartments, storage, retail, office. Two blocks away is the Coral Gables hospital so it would be a suitable site for medical as well. Seller would be open to staying as an anchor tenant in a new medical tower
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $5,700,000 |
| Lot Size: | 0.47 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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