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$2,500,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID A11887713
HOA Y/N No
Tax Year 2024
Contingent Pending Inspections
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 150x100
Property Sub-Type Commercial
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 40
Exterior
Utilities Available Other
Present Use Other
Private Pool Yes
Building
Lot Description <1 Acre, Rectangular Lot
Sewer Other
Water Public
Others
Tax ID 01-40-01-009-0190
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11887713
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Listed by The Corcoran Group
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Kate Zhurko
Broker Associate | License ID: 3229050
Broker Associate License ID: 3229050
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