For Sale: 0.69 Acres Zoned T6-8-O & T3-O

As exclusive listing broker, Colliers is pleased to present the opportunity to acquire Coral Way 13, a prime 0.69-acre (30,163 SF) development site situated at the intersection of Coral Way and 13th Avenue within the vibrant Coral Way corridor, connecting Coral Gables and Brickell.  

This site encompasses three contiguous parcels that span along 13th Avenue from SW 22nd Street to SW 22nd Terrace. It is conveniently located just half a mile away from the Vizcaya Metrorail Station, as well as numerous restaurants and shops. Currently, the properties features approximately 19,712 SF of office space, with tenants on short-term leases, providing an income stream while navigating the entitlement process. Furthermore, the office space presents an attractive prospect for an operator or value-add investor, as it offers the potential for adaptive reuse and enhancement of rental income to market rates.  

The properties are zoned with a combination of T6-8-O and T3-O designations, allowing for versatile residential and mixed-use development with varying density. The T6 zoning permits the development of up to 150 units per acre (62.8 units), while T3 allows for 18 units per acre (4.9). The maximum allowable building area on the lots is approximately 100,000 SF. Additionally, due to the property’s proximity to the Metrorail, there are advantages such as Transit-Oriented Development (TOD) benefits and the potential for upzoning within the Rapid Transit Zone (RTZ), subject to county approval, allowing for significantly greater density.