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 Details
Price:
$16,000,000
MLS #:
A11761030
Status:
Active
Beds:
0
Baths:
0
Address:
2756 SW 37th Ave
Type:
Single Family
Subdivision:
DOUGLAS MANOR
Neighborhood:
Douglas Manor
City:
Miami
Listed Date:
Mar 11, 2025
State:
FL
ZIP:
33133
Lot Size:
55,207 sqft / 1.26 acres (approx)
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$109,660
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2756 SW 37th Ave
Miami, FL
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