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$16,000,000
Est. payment /mo
1.26 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Douglas Manor
MLS Listing ID A11761030
HOA Y/N No
Annual Tax Amount $109,660
Tax Year 2024
Lot Size 1.260 Acres
Acres 1.26
Lot Dimensions 450x150
Property Description
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.
Location
State FL
County Miami-dade
Community Douglas Manor
Area 41
Exterior
Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available
Present Use Other
Private Pool Yes
Building
Sewer Other
Water Public
Others
Tax ID 01-41-17-002-0012
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11761030
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Listed by Synergy Realty Advisors