4831/4861/4871 West Flagler Street
Coral Gables, FL 33134
$7,500,000
- Land development
- 38,768 SF building
- 0.89 acre lot
- $193/SF
Highlights
- 38,768 SF building on a 38,676 SF (0.89 acres) lot
- 34 units
- Built in 1953
- Asking $193/SF
Property facts
- Price
- $7,500,000
- Price per SF
- $193/SF
- Property type
- Land development
- Building size
- 38,768 SF
- Lot size
- 38,676 SF (0.89 acres)
- Year built
- 1953
- Units
- 34
About this property
Hotel and Apartment Assemblage Covered Land Play with Excellent Redevelopment Potential, in Flagami. Flagami is a central Miami working and bedroom and community that has great connectivity to surrounding neighborhoods such as Coral Gables, Little Havana, Fountainbleu and more; as well as populated by an endless list of thriving businesses and in proximity to major economic engines such as the airport and the soon-to-be-delivered 56 acre Mega-Development Freedom Park. This is an ideal location for housing Miami’s active middle workforce, and residents will be motivated to live in this centric and thriving neighborhood Site features a 16 unit Hotel building, a triplex, and three 5 unit building, all situated on 38,676 SF lot zoned T5-L w/parking is prime for developers as a covered-land opportunity. SB120/Live Local density could be potentially over 400 units. In other words, the only density or height limitation on this property will be based on how efficiently you handle parking within the building envelope. Each room features a well- designed studio floor plan, providing consistency and ease of management. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.
From the listing broker.
Our estimate
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