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1866 SW 25th Ter 0.12 Acres of Commercial Land Offered at $1,600,000 in Miami, FL 33133
INVESTMENT HIGHLIGHTS
- Along UNDERLINE
- Within the TOD
- Delivered w approved plans
- Between Coconut Grove & Brickell
- T5-R zoning | 65 units per acre
EXECUTIVE SUMMARY
FULLY APPROVED SITE
The lots benefit from favorable T5-R zoning, which allows for development density of 65 units per
acre "by right”. The property sists in the TOD (transit orient development boundary) allowing for
even greater density and intensity.
The property is currently a single-family home in the "Natoma Park" subdivision. The median listing
home price in Natoma Park was $1.5M in December 2022, trending up 22% year-over-year. The median
listing home price per square foot was $613. The existing property is 2,100 ft on a 5,200 ft lot.
The property abuts the underline directly to the South. In our analysis, the highest and best use
is as a redevelopment for either two upscale twin homes or four-row house
townhomes. The underline will experience new development and revitalization.
Land Size: 0.5200
Zoning: T 5-R
Parcel ID: 01-4115-026-0611
To be delivered with Approved Plans.
The lots benefit from favorable T5-R zoning, which allows for development density of 65 units per
acre "by right”. The property sists in the TOD (transit orient development boundary) allowing for
even greater density and intensity.
The property is currently a single-family home in the "Natoma Park" subdivision. The median listing
home price in Natoma Park was $1.5M in December 2022, trending up 22% year-over-year. The median
listing home price per square foot was $613. The existing property is 2,100 ft on a 5,200 ft lot.
The property abuts the underline directly to the South. In our analysis, the highest and best use
is as a redevelopment for either two upscale twin homes or four-row house
townhomes. The underline will experience new development and revitalization.
Land Size: 0.5200
Zoning: T 5-R
Parcel ID: 01-4115-026-0611
To be delivered with Approved Plans.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $1,600,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.12 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | T 5 O - Allows for 65 units p acre. Plans for (2) twin luxury homes included Applicable for Live Local | ||
| Price | $1,600,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.12 AC |
| No. Stories | 1 |
| Zoning | T 5 O - Allows for 65 units p acre. Plans for (2) twin luxury homes included Applicable for Live Local |
1 LOT AVAILABLE
Lot 01-4115-02
| Price | $1,600,000 | Lot Size | 0.12 AC |
| Price Per AC | $13,445,378.15 |
| Price | $1,600,000 |
| Price Per AC | $13,445,378.15 |
| Lot Size | 0.12 AC |
The lots benefit from favorable T5-R zoning, which allows for development density of 65 units per acre "by right”. The property sits in the TOD (transit-orient development boundary) allowing for even greater density and intensity.
DESCRIPTION
Folio: 01-4115-026-0611 Sub-Division: NATOMA PARK Primary Zone: T5R 3 Beds / 2 Baths Floors: 1 | Living Units: 1 Actual Area: 2,183 Sq. Ft Living Area: 1,561 Sq. Ft Adjusted Area: 1,581 Sq. Ft Lot Size: 5,200 Sq. Ft Current rent $5400.00 mnthly
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1866 SW 25th Ter
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