House for sale

THIS IS A DEVELOPMENT SITE WITH INCOME UNTIL DEMOLISHED. It is one of two contiguous sites for sale together. The other is the adjacent property at 821 SW 31 Ct. Miami, FL 33135. MLS # A11606113. The properties are 100 feet from SW 8th St. 6 blocks from the Douglas Entrance in Coral Gables. They are directly across from a trailer park that sold in November of 2021 for $58 million and is a half block from the Home Depot. This property presently generates $64, 800 in annual income (together; $112, 800). $1, 395, 000 price is $158/SF per lot size of 8, 820 SF. (both $2, 290, 000). Both properties are classified as Medium density commercial in the Master Plan. This corresponds to a T-5 zoning. Additionally, under the amended Live Local Act, the density can be increased substantially.