Land For Sale • 0.31 AC
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.
Within TOD |
Across Grove central station and Coconut Grove |
Live Local allows up to 60 doors |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Coconut Grove (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 1 min | 4 min | 0.2 mi |
Douglas Road (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) | 3 min | 20 min | 1.1 mi |
Airport | Drive | Walk | Distance |
Miami International | 23 min | - | 11.1 mi |
Fort Lauderdale/Hollywood International | 39 min | - | 27.2 mi |