Home » Properties » 2756 SW 37th Ave, Miami FL 33133

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Commercial Land at 2756 SW 37th Ave, Miami FL 33133

Rare 1.14-acre commercial land near Coral Gables and Douglas Park, ideal for medical or mixed-use development.

$16,000,000

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MLS #A11761030

Listing Updated: 2026-07-13 00:42:37

Listed By: Synergy Realty Advisors

Overview

This 1.14-acre commercial land parcel at 2756 SW 37th Ave, Miami, offers a unique development opportunity in the thriving medical district near Coral Gables Hospital. Zoned SF T 6 8 0, the site supports up to 180 residential units or 200 units with underground parking, featuring potential for multi-story towers. The property includes income-producing mixed-use buildings and a specialty medical center leased back to the owner, providing steady cash flow. Located less than half a mile from the Bird Road Metro Rail station, it offers excellent connectivity and access to local amenities. This assemblage combines proximity to Douglas Park and Coral Gables, making it suitable for medical towers or mixed-use projects.

Property Highlights

1.14 acres zoned SF T 6 8 0 near Coral Gables Hospital; up to 200 units with underground parking; includes income-producing medical center and mixed-use buildings; close to Metro Rail station; prime medical district location.

Property Details

City: Miami

State: FL

Zip Code: 33133

Address: 2756 SW 37th Ave, Miami FL 33133

Year Built:

Property Type: Commercial Land

Property Sub Type:

Listing Office Name: Synergy Realty Advisors

County: Miami-Dade County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $109,660

Days On Market: 452 Days

Original Listing Description

Feasibility study now available! 180 Units possible with live local, 200 units with one level of underground parking. Live local scenario would yield a 12 story tower with 110 units (125 units with one level of underground parking) plus an 11 story tower with 70 units (75 units with one level of underground parking. This is possible to do without including the small multifamily property in the back, which requires rezoning and complicates the development. This is a Rare two block assemblage at the edge of Coral Gables and directly in front of Douglas park. Located right in the medical district with Coral gables Hospital only two blocks away. 1.14 acres of sf T 6 8 0 zoned land between both blocks. The extra height and density available using nearby comparator sites at bird road metro rail station. Less than one mile ( about half a mile) from the metrorail station. Package includes a specialty medical center on the south block( owner occupied and would be leased back for a negotiable time), an income producing multifamily and three fully rented mixed use income producing buildings that the north side. With the medical center income would be estimated at closer to 50k per month. North (smaller) block is good candidate for a medical tower- which owner would lease back as anchor tenant if available.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

2756 SW 37th Ave, Miami FL 33133

About This Neighborhood

Situated at the edge of Coral Gables and directly across from Douglas Park, this property benefits from a vibrant and growing neighborhood. The medical district nearby features Coral Gables Hospital and numerous healthcare facilities, attracting professionals and patients alike. The area combines residential comfort with commercial vitality, offering easy access to parks, retail, and transportation. Its proximity to the Metro Rail station and major roads ensures convenient connectivity to downtown Miami and other key destinations. This blend of urban amenities and green spaces makes the neighborhood appealing for both residents and businesses.

Walkability & Lifestyle

This location offers good walkability with nearby parks like Douglas Park providing recreational space. The proximity to the Bird Road Metro Rail station enhances pedestrian access to public transit and local businesses. Residents and workers can enjoy nearby dining options, retail stores, and medical facilities within walking distance. The neighborhood’s layout supports a pedestrian-friendly lifestyle, with sidewalks and green spaces contributing to daily convenience and outdoor enjoyment.

Things To Do Nearby

Residents and visitors in this area can enjoy a variety of activities including visits to Douglas Park, local dining experiences, and cultural attractions in Coral Gables. The nearby medical district offers wellness and health-related services, while the Metro Rail station provides easy access to Miami’s broader entertainment and nightlife scenes. Outdoor enthusiasts can explore parks and waterfront areas within a short drive. The neighborhood balances professional amenities with lifestyle options, catering to diverse interests.

Nearby Schools

The area surrounding 2756 SW 37th Ave offers access to a variety of educational institutions, including public and private schools in Coral Gables and Miami. Families relocating to the neighborhood benefit from convenient school options within a reasonable distance. The proximity to community resources and parks also supports a family-friendly environment. While the property itself is commercial land, its location in a well-established neighborhood ensures educational amenities are accessible for residents and workers nearby.

Why Buyers Like This Area

Buyers appreciate this property’s strategic location near Coral Gables Hospital and Douglas Park, combining medical district advantages with green space access. The site’s zoning and development potential appeal to those seeking to build residential or medical facilities. Proximity to transit and established neighborhoods enhances convenience and connectivity. The existing income-producing buildings add value and flexibility. Overall, the property suits buyers looking for a versatile commercial land parcel in a sought-after Miami location with strong infrastructure and community amenities.

Investment Potential

This commercial land in Miami presents a compelling opportunity for developers interested in medical or mixed-use projects. The property’s zoning and location near Coral Gables Hospital support a high-density residential or medical tower development. The inclusion of income-producing buildings and a specialty medical center leased back to the owner adds financial stability during development. Proximity to the Bird Road Metro Rail station enhances accessibility, making the site attractive to tenants and buyers. While returns depend on market conditions, the land’s versatility and location provide a solid foundation for various development strategies.

Market Trends

Miami’s real estate market continues to show strong demand for well-located commercial land, especially in areas near established medical districts. Properties with zoning flexibility and proximity to transit hubs are particularly sought after. The availability of parcels supporting mixed-use and residential development aligns with current urban growth trends. While inventory can be limited, buyers are attracted to sites offering development potential and income generation. This parcel’s location near Coral Gables and Metro Rail station positions it well within the competitive Miami market, where long-term interest in medical and mixed-use projects remains steady.

Rental Income Potential

The property includes several income-producing buildings, including a specialty medical center leased back to the owner and fully rented mixed-use structures. This setup provides a consistent revenue stream that can support holding costs during development planning. The medical district location and nearby hospital generate tenant interest, enhancing rental appeal. Seasonal demand may also influence occupancy, given Miami’s dynamic population. While rental income is subject to market fluctuations, the existing leases and strategic location contribute positively to the property’s financial profile.