2831 SW 27th Ter - Commercial LAND FOR SALE


Miami, FL 33133- Northeast Coconut Grove10,001 SF
$3,400,000 USD
305-772-8513
2831 SW 27th Ter, Miami, FL for Sale
$3,400,000 USD
Commercial LAND - FOR SALE
1/6
10,001 SF

2831 SW 27th Ter
Miami, FL 33133
Northeast Coconut Grove


HIGHLIGHTS

  • within TOD
  • Current GRI +-138,000
  • Live Local +_ 71 units

OVERVIEW

The offering is comprised of (2) contiguous investment properties totaling +/-10,000 feet of land. The lot(s) assemblage allows (73) units via Live Local on (8) floors eliminating parking. 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 up to 100 units.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/ACRE

$14,810,400/AC

PRICE/SF

$340 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

GROVE CENTRAL COVERED LAND

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use, Apartment Units

LAND ACRES

0.23 AC

LAND SF

10,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

T 5 O

APN/PARCEL ID

01-4116-035-0240,01-4116-035-0250

ASK ABOUT THIS PROPERTY

Billy PlanesRE/MAX 360 Real EstateMore Info
305-772-8513

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Billy PlanesRE/MAX 360 Real EstateMore Info
305-772-8513

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.