975 SW 37th Avenue Miami, FL 33135
$1,390,000
3 Beds
2 Baths
1439 sqft
MLS#
B26021693
Type
Single Family Residence
Status
Active Listing
Square Footage
1,439
Bedrooms
3
Bathrooms
2 full
Year Built
1949
Tax Amount
$28,500
Property Description
The property consists of a 7,000 square-foot 0.16 acre parcel zoned T5 O, currently improved with a 1,443 square-foot single-family residence. The zoning allows for immediate, as of right development of up to 10 residential units or a boutique office concept, offering investors the ability to execute on a variety of high demand product types. In the interim, the existing structure provides the ability to generate income and offset carry costs during the entitlement and planning phase. Positioned within a rapidly evolving corridor with strong population growth, increasing rental demand, and proximity to Coral Gables' core amenities, this offering presents a compelling opportunity to capitalize on a fundamentally strong location with limited comparable development sites.
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