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Gelfand Realty Miami Properties for Sale - Other Land for Sale

2756 SW 37TH AVE, MIAMI, FL 33133

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Other Land - DOUGLAS MANOR for Sale

2756 SW 37TH AVE, MIAMI, FL 33133

Asking Price$16,000,000

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  • Days on market:

    57 day(s)

  • Original Price:

    $16,000,000

  • Tax Legal Description:

    17 54 41 L E DOUGLAS MANOR PB 7-157 S4.80FT OF LOT 23 & ALL LOT 24 LESS E10FT THEREOF FOR R/W BLK 1 LOT SIZE 59.800 X 108 OR 20697-3055 1002

  • Tax Year:

    2024

  • Property Type:

    Land

  • Waterfrontage (sqft):

    450

  • Lot Features:

    City Location 1-2.5 Acres

Description

$16,000,000

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.

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