719 Biltmore Way, Coral Gables FL 33134 719 Biltmore Way, Coral Gables FL 33134 719 Biltmore Way, Coral Gables FL 33134 719 Biltmore Way, Coral Gables FL 33134 719 Biltmore Way, Coral Gables FL 33134
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$5,950,000
740 days
For Sale • 0 BEDS • 0 BATHS • 7,000 SQFT

Overview

Coral Gables' most outstanding opportunity for development on Biltmore Way, the Park Avenue of Coral Gables. The Zoning District is MF-2 (subject to Site Specific Regulations). Max Permitted Density 21 units (apartments pr condominiums). Max Permitted Height 16 stories or 190.5 feet. Max Permitted Floor Area Ratio 29,960 sq ft (this does not include parking garage, terraces, open stairs or lobby). Lot size 12,000 sq ft (survey available). See Attachment for Zoning Analysis, unit mix scenario & Rendering. Existing on property is a 12 unit apartment building 100% leased, in mint condition, with substantial income (NOI $156,000) until developer is ready to demolish it. DO NOT DISTURB TENANTS

Facts and features

Type:
Commercial Land
Year Built:
No Data
Heating:
No Data
Cooling:
No Data
Parking:
No Data
Lot:
No Data
Price/sqft:
$850

Estimate

$536,000
Estimated sales range: $507,700 - $589,100

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2021-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Acosta & Associates Inc