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$ 2,500,000
Est. payment | /mo
7,826 SqFt
$ 2,500,000
Est. payment | /mo
7,826 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,826 sqft
Price per Sqft $319
MLS Listing ID A11887551
Style Detached
HOA Y/N No
Lot Size 0.344 Acres
Property Sub-Type Retail
Property Description
Rare opportunity to acquire a fee simple property in the City of Miami, with the existing ground lease terminated at closing. The site consists of two folios and features highly flexible T6-8-O zoning — abutting T4 (a superior transition compared to T3) — allowing for significant redevelopment potential across multiple uses and densities. Current income is in place from three leases — a school, a restaurant, and a billboard — making this a true covered land play that generates immediate cash flow during predevelopment. Strategically located along the northern border of affluent Coral Gables, the property is priced at land value and will be delivered free and clear, giving investors the ability to control a high-demand site with both short-term income and long-term redevelopment upside.
Location
State FL
County Miami-dade
Area 41
Exterior
Total Parking Spaces 15
Private Pool Yes
Building
Story 1
Architectural Style Detached
Level or Stories One
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11887551
Listed by The Corcoran Group
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