Your email has been sent.
2345 SW 37th Ave - Redevelopment Opportunity 0.37 Acres of Commercial Land Offered at $7,000,000 in Miami, FL 33145
Investment Highlights
- Exceptional opportunity to purchase a prime redevelopment site
- Under Florida's Live Local Act, this site can accommodate up to 369 units and a 12-story structure
- The offering includes a 2,698 SF building on 16,084 SF of total land across 2 folios—a 10,384 SF main lot and a 5,700 SF adjacent parcel for parking
- Steps from Coral Gables on a corner lot
- Currently configured as a restaurant, the property is in excellent condition and offers flexible potential for retail, medical, office, or residential
- Located near Miracle Mile, Coral Gables Plaza, and the Loews Hotel, with superb walkability and close proximity to Brickell, Coconut Grove, & US-1
Executive Summary
Property Facts
| Price | $7,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.37 AC |
| Zoning | 6100 - Commercial | ||
| Price | $7,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.37 AC |
| Zoning | 6100 - Commercial |
1 Lot Available
Lot
| Price | $7,000,000 | Lot Size | 0.37 AC |
| Price Per AC | $18,918,918.92 |
| Price | $7,000,000 |
| Price Per AC | $18,918,918.92 |
| Lot Size | 0.37 AC |
Corner redevelopment site near Coral Gables with existing building and parking. Located near Miracle Mile with access to Brickell, Coconut Grove, US-1, and SR 836. Potential future mixed-use redevelopment opportunity.
Description
2345 SW 37th Avenue presents an opportunity to acquire a redevelopment site positioned along one of Miami's established commercial corridors immediately adjacent to Coral Gables. The property consists of approximately 16,084 square feet of land across two parcels, including an existing building and dedicated parking area, providing flexibility for future redevelopment or interim occupancy. The site benefits from a highly visible corner location near Miracle Mile, Coral Gables Plaza, and the Loews Hotel, placing it within a well-established environment supported by retail, office, hospitality, residential, and cultural destinations. Its location offers convenient connectivity to Brickell, Coconut Grove, Miami International Airport, US-1, and State Road 836, enhancing accessibility throughout the broader Miami market. According to available marketing materials, the property may support significant redevelopment potential under Florida's Live Local Act provisions. The existing building is currently configured as a restaurant and may accommodate a variety of commercial uses while redevelopment plans are pursued. The surrounding area continues to attract residential, office, and mixed-use investment, supporting long-term positioning within a dense urban corridor near Coral Gables. The combination of corner visibility, proximity to major employment and lifestyle destinations, existing on-site improvements, and redevelopment potential creates an opportunity for investors, developers, and owner-users seeking a well-located asset in one of Miami-Dade County's most established urban submarkets.
Property Taxes
| Parcel Number | 01-4116-009-2940 | Improvements Assessment | $129,349 |
| Land Assessment | $882,640 | Total Assessment | $1,011,989 |
Property Taxes
