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About This Property
Feasibility study now available! 180 Units possible with live local, 200 units with one level of underground parking. Live local scenario would yield a 12 story tower with 110 units (125 units with one level of underground parking) plus an 11 story tower with 70 units (75 units with one level of underground parking. This is possible to do without including the small multifamily property in the back, which requires rezoning and complicates the development. This is a Rare two block assemblage at the edge of Coral Gables and directly in front of Douglas park. Located right in the medical district with Coral gables Hospital only two blocks away. 1.14 acres of sf T 6 8 0 zoned land between both blocks. The extra height and density available using nearby comparator sites at bird road metro rail station. Less than one mile ( about half a mile) from the metrorail station. Package includes a specialty medical center on the south block( owner occupied and would be leased back for a negotiable time), an income producing multifamily and three fully rented mixed use income producing buildings that the north side. With the medical center income would be estimated at closer to 50k per month. North (smaller) block is good candidate for a medical tower- which owner would lease back as anchor tenant if 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
Map
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