Development Opportunity in Coconut Grove

Listing was updated at: 01/31/2020
Property Overview
Price/Rent PSF $ 7,950,000.00
Asset Type Land
Trade Type Sale
Acres Available 0.68
Date Available 01/31/2020
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This prime redevelopment site is located in the City of Miami on the southside of the Coconut Grove submarket directly on the US1 (South Dixie Highway) corridor.

The Keyes Company is proud to be the exclusive broker of this rare land offering-a 100% fee simple interest in the prime redevelopment site located at 3850 South Dixie Highway in the southern part of the Coconut Grove submarket. This coveted parcel is ideally suited for a higher and better use through the opportunties afforded to a developer by Miami 21 T-6-8 O zoning and opportunity zone incentives. The site has excellent exposure and is well located. The property is proximate to our metrorail system, buses, and the new Miami Underline. Coconut Grove is a mix of local, regional, and national retailers, private and public offices, and residential uses. Additionally, the property is one mile from the heart of the resurgence going through in Coconut Grove and a quarter mile from Coral Gables.