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.
- Address Undisclosed Address
- City Miami
- County Miami-Dade
- Zip 33133
- Price $3,000,000
- Status Active
- Subdivision Sylvanmere
- Pets Allowed No
- MLS® # A11707384
- Property Type Land
- Property Sub TypeResidential
- Status Active
- Square Feet
- Year Built
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $21,927
- Tax Year 2023