0.30 acres | #A11707384
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.
Property Details
- Utility FeaturesCable Connected, Electricity Connected, Other Utilities Available, Phone Connected, Sewer Connected, Water Connected
- Lot DescriptionNo Misc/Improvements
- CountyMiami-Dade County
- Property SubtypeResidential
- Structure TypeResidential
- SubdivisionSYLVANMERE
- MLS #A11707384
- MLS #A11707384
- Property TypePurchase
- Cost3000000
- Acres0.3
Location
Legal
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Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Agustin Duarte (#3284824)
Listing Office: RE/MAX 360 Real Estate (#RXRE01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
