Hilah Park, 821 SW 31st Ct Miami, 33135

This is a development site with income until demolished. one of two contiguous sites for sale together. The other is the adjacent property at 831 sw 31 ct. Miami, fl 33135. Mls # a11606119. the properties are 100 feet from sw 8th st. 6 blocks from the douglas entrance in coral gables. They are directly across from a trailer park that sold in november, 2021 for $58 million and is a half block from home depot. This property generates $48,000 in annual income (together; $112,800). $895,000 price equals $158/sf per lot size of 5,670 sf. (together; $2,290,000), see mls # 11606119. both properties are classified as “medium density commercial” in the master plan. This corresponds to a t-5 zoning. Additionally, under the amended live local act, the density can be increased substantially.