2756 SW 37th Ave, Miami, FL 33133

This is a rare two-block assemblage offered for sale on land zoned T 6 8 0, totaling 1.14 acres. A feasibility study is available outlining development options up to 180 units without underground parking, or up to 200 units with one level of underground parking. The study contemplates a 12-story tower with 110 units (125 units with one level of underground parking) and an 11-story tower with 70 units (75 units with one level of underground parking). The plan is also described as achievable without including a small multifamily property in the back that would require rezoning and complicate the development.

The property is positioned at the edge of Coral Gables and directly in front of Douglas Park, directly within the medical district. Coral Gables Hospital is reported to be two blocks away. The Metrorail station is listed as less than one mile away, about half a mile from the site.

The package includes a specialty medical center on the south block, which is owner-occupied and would be leased back for a negotiable term. On the north side, there is an income-producing multifamily component along with three fully rented mixed-use income-producing buildings. A North (smaller) block medical tower is also noted as a candidate, with the possibility of an owner lease-back structure if an anchor tenant is available.