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975 SW 37th Ave 1,454 SF Specialty Building Offered For Sale in Miami, FL 33135
Investment Highlights
- Primary uses: Multifamily, Mixed-Use, Office, Retail
- LIVE LOCAL: Up to 1,000 DU/AC (City-Wide Max) Height tallest within 1 mile (admin)
- Traffic counts (FDOT) exceed 26,000 vehicles per day, offering strong visibility and exposure.
Executive Summary
Cushman & Wakefield is pleased to present a rare, high impact redevelopment opportunity at the gateway to Coral Gables—one of Miami’s most sought-after and supply-constrained submarkets. The property consists of a 7,000-square-foot (0.16-acre) parcel zoned T5-O, currently improved with a ±1,443-square-foot single-family residence. The zoning allows for immediate, as-of-right development of up to 10 residential units or a boutique office concept, offering investors the ability to execute on a variety of high demand product types. In the interim, the existing structure provides the ability to generate income and offset carry costs during the entitlement and planning phase.
Positioned within a rapidly evolving corridor with strong population growth, increasing rental demand, and proximity to Coral Gables’ core amenities, this offering presents a compelling opportunity to capitalize on a fundamentally strong location with limited comparable development sites.
The subject property is located at the entrance to Coral Gables, one of Miami-Dade County’s most prestigious and institutionally sought-after submarkets, known for its historic character, strong zoning controls, and enduring demand drivers.
The area is defined by a high barrier to entry, limited developable land, and a well-established mix of upscale residential, office, and retail uses, further supported by proximity to major employment hubs such as Downtown Miami, Brickell, and Miami International Airport.
The property benefits from a prime position along a high-visibility corridor serving as a key access point into Coral Gables, capturing both local and commuter traffic.
Positioned within a rapidly evolving corridor with strong population growth, increasing rental demand, and proximity to Coral Gables’ core amenities, this offering presents a compelling opportunity to capitalize on a fundamentally strong location with limited comparable development sites.
The subject property is located at the entrance to Coral Gables, one of Miami-Dade County’s most prestigious and institutionally sought-after submarkets, known for its historic character, strong zoning controls, and enduring demand drivers.
The area is defined by a high barrier to entry, limited developable land, and a well-established mix of upscale residential, office, and retail uses, further supported by proximity to major employment hubs such as Downtown Miami, Brickell, and Miami International Airport.
The property benefits from a prime position along a high-visibility corridor serving as a key access point into Coral Gables, capturing both local and commuter traffic.
Property Facts
| Sale Type | Investment | Lot Size | 0.15 AC |
| Sale Condition | Redevelopment Project | Building Size | 1,454 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Residential Income | Year Built | 1949 |
| Building Class | C | ||
| Zoning | 6101 - Urban Center zone allowing mixed-use, residential, office, and retail development. | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,454 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Zoning | 6101 - Urban Center zone allowing mixed-use, residential, office, and retail development. |
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
40/100
Contacts
-
Virgilio Fernandez, CCIM, MSIRE -
Mitash Kripalani, CCIM -
Alain Crego, MSIRE -
Milan Patel -
Cushman & Wakefield
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975 SW 37th Ave
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