Park Place I - Land Sale_Property for Sale
Park Place I - Land Sale_Property for Sale
1500 Monza Avenue, Coral Gables, FL, 33146, US

Park Place I - Land Sale

Asset description

JLL is pleased to exclusively present the opportunity to acquire Park Place I, a 0.70-acre development site improved with a vacant 25,467 SF, three-story office building located at 1500 Monza Avenue, Coral Gables, FL 33146 (the “Property” or “Site”).

 

The Site is located within the highly affluent City of Coral Gables and sits one block south of US 1, the main north/south thoroughfare connecting to major employment hubs including Brickell and Downtown Miami in under 20 mins. The Property’s unique location just off this corridor benefits from immediate access to some of the best demographics and demand drivers in Miami such as Shops at Merrick Park (6 min.), Dadeland Mall (6 min.), Biltmore Hotel (9 min.),and Miracle Mile (10 min.)

 

Established as one of the densest and wealthiest residential enclaves in Miami, Coral Gables boasts an average household income of $185,964 and is home to more than 120 multinational firms including household names such as Fresh Del Monte Produce, Bacardi, Hyatt, HBO Latin America, and American Airlines. The City is dotted with award winning hospitals and top-rated schools including the University of Miami.

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Attributes

Land area gross
0.7 acres
Investment strategy
Opportunistic
Zoning
MX2

Media

Investment highlights

  • Covered Land Play Boasting A Vacant 25,467 SF Office with the Potential for Residential Development


  • Strong market support for luxury student housing, market rate apartments and luxury residential condominiums


  • Favorable MX2 Zoning Allows for 87 Units As-of-Right Through A Boutique Development With A 3.5 FAR (106,088 SF) Allowable Via the Mediterranean Bonus II


  • Exceptional Location with A Variety of Walkable Shopping, Dining, and Recreational Amenities Surrounding the Property


  • Whole Foods, two Publix groceries, bakeries and restaurants within a 250-foot walk from the property


  • Immediate Proximity To 30+ A-Rated Schools and Across US-1 from the University of Miami


  • Exceptionally Affluent Demographics With Average Annual Household Incomes Over $185K


  • Ideally Positioned to Capture Demand from Nearby Medical Centers and Employment Hubs


Park Place I - Land Sale 4_Property for Sale

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Park Place I - Land Sale (0 Properties)

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Last updated
Mar 26, 2024