Land For Sale • 0.23 AC
RE/MAX 360 proudly presents a prime redevelopment Directly along The Underline "GROVE CENTER CONDO". The offering is comprised of (1) single-family home & 1 duplex totaling +/- 10,000 feet of land. The lot(s) assemblage allows 75 units via Live Local on (8) 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 T5-O 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 75 units via Live Local on (8) floors.
Along UNDERLINE |
SITE DETAIL Land Size: 10,016 SF |
Opportunity of redevelopment for a mixed-use project with 75 units via Live Local on (8) floors. |
current top line income $62400 |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Coconut Grove (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 0 min | 2 min | 0.1 mi |
Douglas Road (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 3 min | - | 1.5 mi |
Airport | Drive | Walk | Distance |
Miami International | 22 min | - | 10.9 mi |
Fort Lauderdale/Hollywood International | 39 min | - | 27.2 mi |