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.
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.
Property Details
Price:
$3,000,000
MLS #:
A11707384
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Residential
Subdivision:
SYLVANMERE
Neighborhood:
Sylvanmere
City:
Miami
Listed Date:
Dec 10, 2024
State:
FL
ZIP:
33133
Lot Size:
13,200 sqft / 0.30 acres (approx)
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Financial
Tax Year
2023
Taxes
$21,927
Map
Community
- Address2945 SW 27th Ln Miami FL
- SubdivisionSYLVANMERE
- CityMiami
- CountyMiami-Dade County
- Zip Code33133
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