Listed by Cushman & Wakefield - Miami, Florida
$1,300,000
975 SW 37th Avenue | Call for Offers 7/15/2026
Details
APN 01-4109-023-0290
Property Type Land
Sub Type Residential, Commercial
Occupancy 100%
Lot Size (SqFt) 7,000
Zoning T5-O
T5-O Development site near Miracle Mile
Marketing description
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.
Investment highlights
- 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.
- Traffic counts (FDOT) exceed 26,000 vehicles per day, offering strong visibility and exposure, and reinforcing the site’s appeal for both residential and commercial development.
- Zoning: T5-O
- By- Right Zoning: 65 DU/AC
- Live Local: Up to 1,000 DU/AC (City-Wide Max) Height tallest within 1 mile (admin)
- Primary uses: Multifamily, Mixed-Use, Office, Retail
Listing Contacts
Listed by Cushman & Wakefield - Miami, Florida
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Zoning
T5-O MixedMixed UseUrban Center Transect Open
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View all 49 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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