1.26 Acres Development on Douglas Rd 5 Properties Offered at $16,000,000 in Multiple Locations

Seller financing available! Right across the street from the soon to be renovated Douglas park. Extremely Rare two block assemblage at the edge of Coral Gables for sale. Located right in the medical district with Coral gables Hospital only two blocks away. 1.14 acres of sf T 6 8 0 zoned land and .12 acre T 3 0 lot. 172 units by right and bonus height and density available with workforce housing. Less than one mile ( about half a mile) from the Link at Douglas development which has a 37 story tower and two 39 story towers planned. Properties currently include a specialty medical center on the south block( owner occupied), a multifamily that produces $12,000 a month and three fully rented mixed use buildings that produce $18,000 a month on the north side. Total monthly income is $30,000. Seller would lease back the medical properties for a few years for additional income. Total projected income would be around $50,000 per month. 172 Units permitted by right, Additional height and density is feasible with workforce housing. The subject site is abutting T 3 0 zoned properties, which would limit height at the western boundary of the properties. T 6 8 0 is the most desirable mid rise zoning in City of Miami, allowing for apartments, retail,office. If the multifamily property which is zoned T 3 0 can be combined with the lot to the north and rezoned to t 6 8 0, Much more flexibility is possible on the site- including live local.