This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2945 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
2945 SW 27th Ln - GROVE "CHIC" RESIDENCE
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.