2340 SW 32nd Ave
Miami, FL 33145
Coral Gables Covered Land Development Site · Land For Sale · 1.61 AC

The Alpha Commercial & Newmark proudly join forces to introduce the rare opportunity to acquire over 1.60 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). 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 ½ mile from the main Miracle Mile retail corridor of Coral Gables. A value-add and proof of feasibility: the site comes with current approvals for an 8-story, 269-unit senior living development which can feature independent living, assisted living and memory care units. 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.