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2790 SW 29th Ave
Miami, FL 33133
Land For Sale
·
0.30 AC
Investment Highlights
- 2 Single Family Homes Floors: 1 | Living Units: 2
- Between Coconut Grove & Brickell
- Along the UNDERLINE
Executive Summary
Property Facts Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 0.30 AC |
| Zoning | T 5 O - Within the TOD zoning T 5 O | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.30 AC |
| Zoning | T 5 O - Within the TOD zoning T 5 O |
1 Lot Available
Lot
| Lot Size | 0.30 AC |
| Lot Size | 0.30 AC |
The offering currently has two single-family homes in the "SYLVANMERE " subdivision. The property abuts the underline directly to the South. In our analysis, the highest and best use is redevelopment for a mixed-use project with anywhere from 100 to
Description
RE/MAX 360 proudly presents a prime redevelopment Directly along the UNDERLINE": "GROVE COSMOPOLITAN REDEVELOPMENT" The offering is comprised of (2) single-family homes contiguous, totaling +/—13,000 feet of land. The lot(s) allow 107 units via Live Local on (7) floors, reducing parking by 80-85%. The third property would add 26 units and allow a deeper parking garage. The lots benefit from favorable T 5-O zoning and T4L on the Western lot, which allows for a development density of 132 units per acre via "SB 102." The property is located in the TOD (transit-oriented development boundary), which allows for even greater density and intensity and the complete elimination of parking requirements. The offering currently has two single-family homes in the "SYLVANMERE " subdivision. The property abuts the underline directly to the South. In our analysis, the highest and best use is redevelopment for a mixed-use project with anywhere from 100 to 135 units on 8 stories or less. The 3rd home would accept offers to be included.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $256,450 |
Property Taxes
