Prime redevelopment directly along The Underline, “GROVE CHIC RESIDENCE”. The offering is comprised of (1) single-family home & 1 duplex totaling +/- 14,000 feet of land. The lot(s) assemblage allows 50 units via Live Local on (5) floors reducing parking by 80-85%. This development could deliver the Highest & Best Use as a boutique condo building or a more traditional rental building. The lots benefit from favorable T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity and a complete elimination of parking requirements. The property abuts the underline directly to the South. In our analysis, the highest and best use is as redevelopment for a mixed-use project with anywhere from 50 to 60 units on 5-6 stories.
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33133
- Longitude:
- W81° 45' 44.3''
- Latitude:
- N25° 43' 50.8''
- Cumulative DOM:
- 262
- DOM:
- 312
- Internet Listing Display:
- 1
- Lot Features
- LotSize Dimensions:
- 120x114
- Parcel Number:
- 01-41-16-037-0310
- Subdivision Name:
- SYLVANMERE
- Tax Annual Amount:
- $21,927
- Tax Year:
- 2024
- Utilities
- Virtual Tour:
- Click Here
Land For Sale
Miami, Florida 33133
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $3,000,000
- Lot Area :
- 13,200 Sqft
- MLS # :
- A11777458
- Property Sub Type :
- Residential
