Miami, FL 33133
$3,000,000
1 more
Presented By: This listing is courtesy of RE/MAX 360 Real Estate;
Home Details
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.
Presented By: This listing is courtesy of RE/MAX 360 Real Estate;
Interior Features for
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
General for
Additional Parcels Description01-41-16-037-0311
Additional Parcels Y/NNo
Attached Garage No
Building FeaturesOther
Carport Y/NNo
CityMiami
CountyMiami-Dade
Development StatusRawLand
Electric On Property Y/NNo
Facing DirectionSouth
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionSYLVANMERE RE-SUB PB 41-29 LOT 12 BLK 5 LOT SIZE 60.000 X 110 OR 18131-1519 0598 5
Listing TermsCash
Lot Size Square Feet13200.0
Lot Size UnitsSquareFeet
MLS Area41
MobileHomeRemainsYNNo
New ConstructionNo
PossessionClosingAndFunding
PostalCityMiami
Property Attached Y/NNo
Property Sub Type AdditionalResidential
Property SubtypeResidential
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
Showing InstructionsCall Listing Office
Standard StatusActive
StatusActive
Subdivision NameSYLVANMERE
Tax Annual Amount21927.0
Tax Year2023
Virtual TourClick here
Waterfront Y/NNo
Zoning Description3901
Exterior for
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3
Lot Size Area13200.0
Number of Lots2
Open Parking Y/NNo
Private PoolNo
SpaNo
Additional Details
Price History
Shiva Maraj
Realtor
