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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.
| DAYS ON MARKET | 7 | LAST UPDATED | 4/4/2025 |
|---|---|---|---|
| TRACT | SYLVANMERE | YEAR BUILT | 0 |
| COMMUNITY | 41 | COUNTY | Miami-Dade |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| AREA | 41 |
|---|---|
| LOT | 0.3 acre(s) |
| LOT DIMENSIONS | 120x114 |
| SEWER | Other |
| SUBDIVISION | SYLVANMERE |
| TAXES | 21927 |
| UTILITIES | Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Water Available |
| WATER | Public |
| ZONING | 3901 |
TOTAL MONTHLY PAYMENT
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Data last updated: 4/10/25 11:26 PM PDT.
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