Property Description

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.

Features
Sewer
Address Map
State:
FL
County:
Miami-Dade
City:
Miami
Zipcode:
33133
Longitude:
W81° 45' 44.3''
Latitude:
N25° 43' 50.8''
MLS Addon
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
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Land For Sale

Miami, Florida 33133

13,200 Sqft
$3,000,000
MLS # #A11777458
Basic Details
Property Type :
Land
Listing Type :
For Sale
Price :
$3,000,000
Lot Area :
13,200 Sqft
MLS # :
A11777458
Property Sub Type :
Residential
Agent info
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