Coral Way Redevelopment Site 2 Land Properties Offered at $11,500,000 in Miami, FL

Rarely does an infill site of this caliber come to market in one of Miami's most coveted urban corridors. Offered at ±32,050 square feet (±0.73 acres), this prime redevelopment land assemblage sits at the highly visible intersection of Coral Way (SW 22nd Street) and SW 29th Avenue, commanding a dual-frontage position that straddles two transect zones under Miami 21 — T-5-R (Urban Center) along Coral Way and T-4-R (General Urban) along SW 22nd Terrace — delivering maximum development flexibility in one of South Florida's most sought-after walkable neighborhoods.
The T-5-R designation along the Coral Way frontage permits buildings up to eight stories, supporting a compelling mix of residential, retail, office, and hotel uses — making this site ideally suited for a flagship mixed-use development that capitalizes on the corridor's established urban energy. The T-4-R component on the rear street provides a natural transition to the surrounding neighborhood, allowing for a context-sensitive podium design or a townhome-style residential wrap.
Coral Way is one of Miami's original grand boulevards — a canopied, tree-lined arterial with deep residential and commercial demand. This address places future residents and tenants steps from the Coral Gables boundary, minutes from Brickell and Downtown Miami, and within the gravitational pull of the Little Havana cultural district. The immediate trade area enjoys dense daytime and evening foot traffic, strong household incomes, and consistent retail absorption, driven by proximity to top-rated schools, healthcare facilities, and Miami-Dade's expanding transit network.