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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
Exceptional opportunity to purchase a prime redevelopment site just 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 boutique residential use. The offering includes a 2,698 SF building, a 10,384 SF main lot, and a 5,700 SF adjacent parcel for parking. Located near Miracle Mile, Coral Gables Plaza, and the Loews Hotel, with superb walkability and close proximity to Brickell, Coconut Grove, MIA, US-1, and SR 836. Surrounded by condos, offices, and cultural amenities—this is a rare opportunity in a prime urban corridor
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 |
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4116-009-2940 | Improvements Assessment | $129,349 |
| Land Assessment | $882,640 | Total Assessment | $1,011,989 |
Property Taxes
Parcel Number
01-4116-009-2940
Land Assessment
$882,640
Improvements Assessment
$129,349
Total Assessment
$1,011,989
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2345 SW 37th Ave - Redevelopment Opportunity
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