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1866 SW 25th Ter
0.12 Acres of Commercial Land Offered at $1,400,000 in Miami, FL 33133
Investment Highlights
- Along UNDERLINE
- Within the TOD
- Delivered w approved plans
- Between Coconut Grove & Brickell
- T5-R zoning | 65 units per acre
Executive Summary
acre "by right”. The property sists in the TOD (transit orient development boundary) allowing for
even greater density and intensity.
The property is currently a single-family home in the "Natoma Park" subdivision. The median listing
home price in Natoma Park was $1.5M in December 2022, trending up 22% year-over-year. The median
listing home price per square foot was $613. The existing property is 2,100 ft on a 5,200 ft lot.
The property abuts the underline directly to the South. In our analysis, the highest and best use
is as a redevelopment for either two upscale twin homes or four-row house
townhomes. The underline will experience new development and revitalization.
Land Size: 0.5200
Zoning: T 5-R
Parcel ID: 01-4115-026-0611
To be delivered with Approved Plans.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $1,400,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.12 AC |
| Price | $1,400,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.12 AC |
1 Lot Available
Lot 01-4115-02
| Price | $1,400,000 | Lot Size | 0.12 AC |
| Price Per AC | $11,764,706 |
| Price | $1,400,000 |
| Price Per AC | $11,764,706 |
| Lot Size | 0.12 AC |
The lots benefit from favorable T5-R zoning, which allows for development density of 65 units per acre "by right”. The property sits in the TOD (transit-orient development boundary) allowing for even greater density and intensity.
Description
Folio: 01-4115-026-0611 Sub-Division: NATOMA PARK Primary Zone: T5R 3 Beds / 2 Baths Floors: 1 | Living Units: 1 Actual Area: 2,183 Sq. Ft Living Area: 1,561 Sq. Ft Adjusted Area: 1,581 Sq. Ft Lot Size: 5,200 Sq. Ft Current rent $5400.00 mnthly
zoning
| Zoning Code | T 5 O (Allows for 65 units p acre. Plans for (2) twin luxury homes included) |
| T 5 O (Allows for 65 units p acre. Plans for (2) twin luxury homes included) |
Presented by
1866 SW 25th Ter
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