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211 Menores Ave
Coral Gables, FL 33134
Land For Sale
·
0.13 AC
Executive Summary
ONE Sotheby's International Realty is pleased to offer Villa Menores at 211 Menores Ave - a ±5,500 SF vacant parcel in Coral Gables and a premium infill development opportunity. The property is zoned Multifamily Medium Density (MF2) - a residential district, not mixed use - and allows the as-of-right development of a boutique five-unit residential building in the highly sought-after North Ponce area of Coral Gables.
MF2 supports a maximum build area of 10,850 SF — 1.97x the lot area - across four levels, yielding a 9,000 SF residential net area with spacious 1,800 SF average unit sizes. No rezoning, variance, or special approval is required to reach that program - the site delivers it as of right, which materially reduces both timeline and execution risk for a developer. At market rents of $4,200 per unit per month, the completed five-unit building carries a potential gross annual income of $252,000.
The lot benefits from exceptional walkability and sits mere steps from Miracle Mile, downtown Coral Gables, and major employment hubs. The surrounding submarket is severely supply-constrained, with retail vacancy at just 2.1% and virtually no developable land remaining in the core - conditions that drive heavy demand for the residential density this site can deliver.
MF2 supports a maximum build area of 10,850 SF — 1.97x the lot area - across four levels, yielding a 9,000 SF residential net area with spacious 1,800 SF average unit sizes. No rezoning, variance, or special approval is required to reach that program - the site delivers it as of right, which materially reduces both timeline and execution risk for a developer. At market rents of $4,200 per unit per month, the completed five-unit building carries a potential gross annual income of $252,000.
The lot benefits from exceptional walkability and sits mere steps from Miracle Mile, downtown Coral Gables, and major employment hubs. The surrounding submarket is severely supply-constrained, with retail vacancy at just 2.1% and virtually no developable land remaining in the core - conditions that drive heavy demand for the residential density this site can deliver.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.13 AC |
| Property Type | Land | ||
| Zoning | A-13 | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.13 AC |
| Zoning | A-13 |
1 Lot Available
Lot
| Price | $1,106,792 CAD | Lot Size | 0.13 AC |
| Price Per AC | $8,763,198.52 CAD |
| Price | $1,106,792 CAD |
| Price Per AC | $8,763,198.52 CAD |
| Lot Size | 0.13 AC |
A ±5,500 SF vacant residential parcel, level, with no structure to demolish.
Description
A ±5,500 SF vacant residential parcel, level, with no structure to demolish and no tenants to relocate.
Property Taxes
| Parcel Number | 03-4108-009-3480 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,021,154 CAD |
Property Taxes
Parcel Number
03-4108-009-3480
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,021,154 CAD
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