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Land - Miami, FL
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.
Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the l...
Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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