0.34 acres | #A11887713
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.
Property Details
- Lot DescriptionCity Location, Urban Area Development, Less Than 1 Acre, Regular Lot
- Utility FeaturesElectricity Connected, Other Utilities Available, Other
- CountyMiami-Dade County
- Utility SourceMunicipal Water
- Property SubtypeCommercial
- Structure TypeCommercial
- MLS #A11887713
- MLS #A11887713
- Property TypePurchase
- Cost2500000
- Sewer InformationOther
- Acres0.34
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Provided By
Listing Agent: Cyril Bijaoui (#3325796)
Listing Office: The Corcoran Group (#TCNG03)
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