821 SW 31st Ct

Coral Way, Miami, FL 33135

THIS IS A DEVELOPMENT SITE WITH INCOME UNTIL DEMOLISHED.One of two contiguous sites for sale together. The other is the adjacent property at 831 SW 31 Ct. Miami, FL 33135. MLS # A11606119.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, 2021 for $58 million and is a half block from Home Depot. This property generates $48,000 in annual income (together; $112,800). $895,000 price equals $158/SF per lot size of 5,670 SF.(together; $2,290,000), See MLS # 11606119.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.