Grove Center Condo
The lots benefit from favorable T5-O zoning.
Marketing description
RE/MAX 360 proudly presents a prime redevelopment Directly along The Underline "GROVE CENTER CONDO".
The offering is comprised of (1) single-family home & 1 duplex totaling +/- 10,016 feet of land. The lot(s) assemblage allows 75 units via Live Local on (8) 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 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 75 units via Live Local on (8) floors.
Investment highlights
PROPERTY HIGHLIGHTS:
Folio:01-4116-035-0221 01-4116-035-0230
Sub-Division: SYLVANMERE
Primary Zone: T5-O
1 single-family home & 1 duplex Floors:
1 | Living Units: 3
Adjusted Area: 3,593 SF
Lot Size (combined): 10,016 SF
LOCATION HIGHLIGHTS
Along UNDERLINE
Between Coconut Grove & Brickell
Within the TOD
SITE DETAIL
Land Size: 10,160 SF
Zoning: T5-O
Parcel ID: 01-4116-035-0221 01-4116-035-0230
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