USD 5,950,000

719 Biltmore Way
Coral Gables, Florida 33134

For Sale

Property Description

Coral Gables' most outstanding opportunity for development on Biltmore Way, the Park Avenue of Coral Gables. The Zoning District is MF-2 (subject to Site Specific Regulations). Max Permitted Density 21 units (apartments pr condominiums). Max Permitted Height 16 stories or 190.5 feet. Max Permitted Floor Area Ratio 29,960 sq ft (this does not include parking garage, terraces, open stairs or lobby). Lot size 12,000 sq ft (survey available). See Attachment for Zoning Analysis, unit mix scenario & Rendering. Existing on property is a 12 unit apartment building 100% leased, in mint condition, with substantial income (NOI $156,000) until developer is ready to demolish it. DO NOT DISTURB TENANTS

Listed by Acosta & Associates Inc

Property Details

ID #
A10694013
Status
Sale
Type
Commercial, Land
Zip Code
33134
Building Area
7,000ft2
Building Feature
Cable Tv
Water Source
City/mains water
Septic
City sewer
Fuel Type
Electric
Location
City Location
Lot
Less Than 1 Acre
Road Type
City/County Maintained
Utilities Available
Trash Removal
Zoning Information
A

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