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2935 SW 27th Ln - GROVE "CHIC" RESIDENCE
0.31 Acres of Commercial Land Offered at $3,000,000 in Miami, FL 33133
Investment Highlights
- Within TOD
- Live Local allows up to 60 doors
- Across Grove central station and Coconut Grove
Executive Summary
1 Single Family Home
1 Duplex
Floors: 1 | Living Units: 3 Adjusted Area: 3,288 sqft
Lot Size(combined): 13,567 sqft
Along UNDERLINE
Between Coconut Grove & Brickell Within the TOD
T4 L zoning
Asking $3,000,000.00
Financial Summary (Actual - 2023) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) 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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $3,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.31 AC |
| Price | $3,000,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.31 AC |
1 Lot Available
Lot 0141160370
| Price | $3,000,000 | Lot Size | 0.31 AC |
| Price Per AC | $9,632,210 |
| Price | $3,000,000 |
| Price Per AC | $9,632,210 |
| Lot Size | 0.31 AC |
The offering comprises (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
Description
RE/MAX 360 proudly presents a 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.
zoning
| Zoning Code | T 4L (T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity) |
| T 4L (T4-L zoning. The property sits in the TOD (transit orient development boundary) allowing for even greater density and intensity) |
-
Billy Planes -
Agustin Duarte -
RE/MAX 360 Real Estate
Presented by
2935 SW 27th Ln - GROVE "CHIC" RESIDENCE
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