6
See all 6 photos
$3,000,000
Est. payment /mo
0.3 Acres Lot
Active
Address not disclosed Miami, FL 33133
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UPDATED:
12/10/2024 11:00 PM
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Sylvanmere
MLS Listing ID A11707384
HOA Y/N No
Annual Tax Amount $21,927
Tax Year 2023
Lot Size 0.300 Acres
Acres 0.3
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.
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.
Location
State FL
County Miami-dade
Community Sylvanmere
Area 41
Building
Faces South
Others
Tax ID 01-41-16-037-0310
Acceptable Financing Cash
Listing Terms Cash
Listed by RE/MAX 360 Real Estate
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