- For sale
Colliers, as exclusive listing broker, is pleased to present the opportunity to acquire the Navarre Avenue Covered-land assemblage, an income-producing development opportunity located at 311 & 315 Navarre Avenue in the heart of Downtown Coral Gables. The site is strategically located between S LeJeune Road and Ponce de Leon directly on Navarre Avenue. The assemblage is comprised of two parcels totaling 18,550 square feet (0.43 Acres) with two (2) existing multifamily buildings.
The Navarre Avenue Assemblage offers investors / developers a unique opportunity to acquire 11 income-producing multifamily units on a 0.43-acre residentially zoned lot in highly coveted Downtown Coral Gables. The underlying land is currently zoned Multifamily 2 (MF2), allowing for a variety of uses including condominium, apartment, hotel, office and commercial development. It is also located within the Coral Gables Mediterranean Style Standards Overlay, allowing potential height and density bonuses. Downtown Coral Gables continues to be one of Miami-Dade County’s strongest markets with continued growth and demand in pricing for condominium units, residential rentals and office space. The subject property is positioned directly in the midst of the city’s growth and is an excellent opportunity for investors and developers to be a part of this trend.