2340 32nd Ave ,Commercial, Amnd Miami Suburban Acres for Sale

2340 32nd Ave for Sale

Price $15,920,000.00

• Lot size 70023
• Year Build
• Waterfront
• Zip 33145
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Introducing the rare opportunity to acquire over 1.6 acres of covered land ripe for re-development in the ultra-prime Coral Gables sub-market of Miami. Boasting a highly efficient layout with T6-8-O zoning on the majority of the assemblage, the site allows for 167 units by-right and is ideal for a mid-rise project of varying uses (i.e. mixed-use, multi-family, condo, office, hotel, and more). On top of all of that, the sale includes a nearly 18,000 Sq. Ft. banquet hall and catering kitchen Renaissance at the Gables, and a 2,300 Sq. Ft. duplex that are well-maintained and operational. This allows a developer the flexibility to either develop immediately or play the long game as a covered-land opportunity.

PB 4-73 AMND PLAT OF MIAMI SUBURBAN ACRES LOT 1 LESS EXT AREA OF CURVE IN NE COR & ALL OF LOTS 2-3-39 & LOT 40 LESS EXT AREA OF CURVE IN SE

City Location, Corner Location, Corner Lot, 1-2.5 Acres

Introducing the rare opportunity to acquire over 1.6 acres of covered land ripe for re-development in the ultra-prime Coral Gables sub-market of Miami. Boasting a highly efficient layout with T6-8-O zoning on the majority of the assemblage, the site allows for 167 units by-right and is ideal for a mid-rise project of varying uses (i.e. mixed-use, multi-family, condo, office, hotel, and more). On top of all of that, the sale includes a nearly 18,000 Sq. Ft. banquet hall and catering kitchen Renaissance at the Gables, and a 2,300 Sq. Ft. duplex that are well-maintained and operational. This allows a developer the flexibility to either develop immediately or play the long game as a covered-land opportunity.

City:Miami,Zoning:6100,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.7476395,List Price:15920000,Listing Id:A11522025,Longitude:-80.2466427,Mls Status:Active,Utilities:1:Electricity Connected,2:Phone Connected,3:Sewer Connected,4:Water Connected,5:Cable Available,6:Electricity Available,7:Natural Gas Available,8:Sewer Available,9:Water Available,Current Use:1:Other Style,Directions:Conveniently located, the property sits just two blocks to the south of highly trafficked Coral Way (SW 22nd Street) three blocks east of Douglas Road, and about ? mile from the main Miracle Mile retail corridor of Coral Gables.,Postal Code:33145,Street Name:32nd Ave,Coordinates:1:25.7476395,Lot Features:1:Corner Location,2:Corner Lot,3:1-2.5 Acres,Photos Count:13,Possible Use:1:Urban Commercial,Building Name:AMND MIAMI SUBURBAN ACRES,Days On Market:182,Lot Size Acres:1.6,Lot Size Units:Square Feet,M I A M I R E_ Area:21,M L S Area Major:Amnd Miami Suburban Acres,On Market Date:2024-01-18,Parcel Number:01-41-16-009-3710,Property Type:Commercial Land,Street Number:2340,Public Remarks:Introducing the rare opportunity to acquire over 1.6 acres of covered land ripe for re-development in the ultra-prime Coral Gables sub-market of Miami. Boasting a highly efficient layout with T6-8-O zoning on the majority of the assemblage, the site allows for 167 units by-right and is ideal for a mid-rise project of varying uses (i.e. mixed-use, multi-family, condo, office, hotel, and more). On top of all of that, the sale includes a nearly 18,000 Sq. Ft. banquet hall and catering kitchen Renaissance at the Gables, and a 2,300 Sq. Ft. duplex that are well-maintained and operational. This allows a developer the flexibility to either develop immediately or play the long game as a covered-land opportunity.,County Or Parish:Miami-Dade County,Frontage Length:323,List Office Name:The Alpha Commercial Advisors LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:3142,Property Sub Type:Commercial,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:AMND MIAMI SUBURBAN ACRES,Tax Annual Amount:67186,Unparsed Address:2340 SW 32nd Ave, Miami FL 33145,Listing Agreement:Exclusive Right With Exception,Building Area Units:Square Feet,Lot Size Dimensions:323x223,Lot Size Square Feet:70023,M I A M I R E_ L P Amt Sq Ft:227.3539,Original List Price:16495000,Previous List Price:16495000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:Introducing the rare opportunity to acquire over 1.6 acres of covered land ripe for re-development in the ultra-prime Coral Gables sub-market of Miami. Boasting a highly efficient layout with T6-8-O zoning on the majority of the assemblage, the site allows for 167 units by-right and is ideal for a mid-rise project of varying uses (i.e. mixed-use, multi-family, condo, office, hotel, and more). On top of all of that, the sale includes a nearly 18,000 Sq. Ft. banquet hall and catering kitchen Renaissance at the Gables, and a 2,300 Sq. Ft. duplex that are well-maintained and operational. This allows a developer the flexibility to either develop immediately or play the long game as a covered-land opportunity.,Additional Parcels Y N:1,Listing Contract Date:2024-01-18,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Call Listing Agent,Go Directly,Street Number Numeric:2340,Tax Legal Description:PB 4-73 AMND PLAT OF MIAMI SUBURBAN ACRES LOT 1 LESS EXT AREA OF CURVE IN NE COR & ALL OF LOTS 2-3-39 & LOT 40 LESS EXT AREA OF CURVE IN SE,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0,M I A M I R E_ Internet Remarks:167-unit by-right multi-family development site in Coral Gables / Coral Way submarket,Contract Status Change Date:2024-01-18,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Transaction Broker Compensation:1.5%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 1.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,