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About This Property
Two-block assemblage totaling 1.26 acres at the edge of Coral Gables for sale, directly across from the to-be-renovated Douglas Park and near Coral Gables Hospital. The site consists of 1.14 acres zoned T6-8-O and a 0.12 acre T3-O lot, allowing 172 units by right, with potential for additional height and density through workforce housing incentives. Located half a mile from the Link at Douglas development. Current uses include a specialty medical center (owner-occupied), a multifamily generating $12,000/month, and three mixed-use buildings producing $18,000/month. Seller may lease back the medical center, bringing projected monthly income to $50,000. Rezoning the T3-O lot could unlock additional development flexibility, including Live Local Act opportunities. Seller financing available.
Property Features
County
Miami-Dade County
Section
17
Area
Subdivision
DOUGLAS MANOR
Interior
Cooling
Bedrooms
Floors
Full Baths
Appliances
Heating
Style
Garage Spaces
Construction/Exterior
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
1.26
Water
Municipal Water
Sewer
Other
Lot Size in Sq. Ft.
55207
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Senior Community
No
Other Utilities
Electricity Connected, Natural Gas Connected, Other Utilities Available, Water Connected, Electricity Available, Sewer Available, Trash Removal, Water Available
Property Type
Commercial Land
Pets
Property SubType 2
Tax Year
2024
Year Built
Tax Amount
$109660
APN
NA
Square Feet Source
NA
