2340 Sw 32nd Ave, Miami, FL 33145

$15,920,000
List Price
$15,920,000
Price Change
▼ $575,000 1708395352
MLS#
A11522025
Status
ACTIVE
Type
Commercial

Property Description

Introducing the rare opportunity to acquire over 1.6 acres of covered land ripe for re-development in the ultra-prime Coral Gables sub-market of Miami. Boasting a highly efficient layout with T6-8-O zoning on the majority of the assemblage, the site allows for 167 units by-right and is ideal for a mid-rise project of varying uses (i.e. mixed-use, multi-family, condo, office, hotel, and more). On top of all of that, the sale includes a nearly 18,000 Sq. Ft. banquet hall and catering kitchen Renaissance at the Gables, and a 2,300 Sq. Ft. duplex that are well-maintained and operational. This allows a developer the flexibility to either develop immediately or play the long game as a covered-land opportunity.

Additional Information

Days on Market
128
Tax Amount
$67,186
Parcel Number
01-41-16-009-3710
Lot Size
70,023
Directions
Conveniently located, the property sits just two blocks to the south of highly trafficked Coral Way (SW 22nd Street) three blocks east of Douglas Road, and about ½ mile from the main Miracle Mile retail corridor of Coral Gables.
Address
2340 Sw 32nd Ave, Miami
Development Name
Amnd Miami Suburban Acres
Development
Amnd Miami Suburban Acres
Section
16

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Listing Courtesy of The Alpha Commercial Advisors LLC, Contact: