33133 Zip Code Real Estate For Sale

Investors! Location. Location. Discover the potential of this expansive nearly 7, 000 sq ft lot nestled in the vibrant heart of coral gables. Explore the potential to upgrade to t4 zoning, enabling a striking 4-unit development spanning 4 floors. This exceptional property presents a rare chance for investors and developers to enhance the esteemed gables neighborhood.

Prime redevelopment directly along the underline, "grove chic residence". The offering is comprised of (1) single-family home & 1 duplex totaling +/- 14, 000 feet of land. The lot(s) assemblage allows 50 units via live local on (5) floors reducing parking by 80-85%. This development could deliver the highest & best use as a boutique condo building or a more traditional rental building. The lots benefit from favorable t4-l zoning. The property sits in the tod (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements. The property abuts the underline directly to the south. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.