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3850 S Dixie Hwy - Coconut Grove Triangle Redevelopment Site

0.68 Acres of Commercial Land Offered at $7,950,000 in Miami, FL 33133

INVESTMENT HIGHLIGHTS

  • The property is proximate to our metro-rail system, buses, and the new Miami Underline.
  • Opportunity Zone Designated
  • Perfect for Apartments/Condos/Hotel/Offices/Shops. Close to airport, Coral Gables, Grove, Downtown, Dadeland.

EXECUTIVE SUMMARY

Currently an automotive dealership/shop. The value of this property is in the land and would definitely be a redevelopment project for up to an 8 story Multifamily or Hotel building. Current density allowances are 150 units per acre.

PROPERTY FACTS Under Contract

Price $7,950,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Mixed Use
  • Multifamily
  • Apartment Units - Condo
  • Hotel
  • Medical
Total Lot Size 0.68 AC
Opportunity Zone Yes

1 LOT AVAILABLE

Lot

Price $7,950,000
Price Per AC $11,682,809.52
Lot Size 0.68 AC

400 FT US1 Frontage. Liberal Zoning T6-8/T5. Potential to increase to T6-12 Metrorail station directly across the street. Perfect for Apartments/Condos/Hotel/Offices/Shops. Close to airport, Coral Gables, Grove, Downtown, Dadeland.

DESCRIPTION

Prime redevelopment site located at 3850 South Dixie Highway in the southern part of the Coconut Grove submarket. This coveted parcel is 29,642 square foot site is ideally suited for a higher and better use through the opportunities afforded to a developer by Miami 21 T-6-8 O zoning and opportunity zone incentives. Property has.400 Feet of frontage on US1. Liberal Zoning T6-8/T5. Potential to increase to T6-12. Metrorail station directly across the street. Perfect for Apartments/Condos/Hotel/Offices/Shops. Close to airport, Coral Gables, Grove, Downtown, Dadeland. Multi-Use Highest and Best. Survey Available.

Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-4120-000-0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,315,033

ZONING

Zoning Code T6-8/T5 (Mixed-Use)
T6-8/T5 (Mixed-Use)
  • Listing ID: 9884084

  • Date on Market: 11/6/2017

  • Last Updated:

  • Address: 3850 S Dixie Hwy, Miami, FL 33133

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