0.47 Acre development site on Douglas Road

Investment Overview

Feasibility study now available! Synergy Realty Advisors exclusively presents a 20,581 sf T 6 8 0 zoned assemblage on Douglas Road, at the edge of Coral gables. Three fully rented mixed use buildings producing $18,000 a month. 70 Units possible with live local in a 120k sf, 12 story building with rooftop pool and three levels of parking (75 units with one level of underground parking). By right, 42 units are feasible in a 96k sf 8 story building with a rooftop pool deck and three levels of parking (55 units with one level of underground parking). Available on its own or with the block to the south. T 6 8 0 is the most desirable mid rise zoning in City of Miami, allowing for apartments, storage, retail, office. Two blocks away is the Coral Gables hospital so it would be a suitable site for medical as well. Seller would be open to staying as an anchor tenant in a new medical tower

Investment Highlights

• One block assemblage on Douglas Road
• Directly across from the soon-to-be-renovated Douglas Park
• 20,581 SF of T 6 8 0 zoned land
• Located at the edge of Coral Gables
• Three fully rented mixed-use buildings generating $18,000 monthly income
• 70 units feasible with live local
• Approximately half a mile from the metrorail
• T 6 8 0 zoning allows apartments, storage, retail, office uses
• Suitable for medical development, with Coral Gables Hospital two blocks away
• Feasible square footage is 120k with live local