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2799 SW 27th Ter
Miami, FL 33133

$3,200,000 USD

Land For Sale  •  0.23 AC

Property Details

  • Property Type Land
  • Lot Size 0.23 AC
  • Zoning T5-0
60 Transit Score
83 Walk Score

Description

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.

Highlights

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

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
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
AirportDriveWalkDistance
Miami International 22 min - 10.9 mi
Fort Lauderdale/Hollywood International 39 min - 27.2 mi
Agustin Duarte 305-602-0360 ReMax 360
Agustin Duarte 305-602-0360 ReMax 360