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
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
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.
