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Property description
Prime redevelopment opportunity located along The Underline. The property consists of an existing income-producing single-family residence currently generating approximately $5,400 per month. The site is approved for redevelopment into two three-story townhomes, offering the potential for a luxury residential project in a highly desirable, transit-oriented location. The property is situated on a 5,200 SF lot and currently features an approximately 2,100 SF single-family home within the Natoma Park subdivision. The site benefits from favorable T5-R zoning, allowing up to 65 units per acre by right, and is located within a Transit-Oriented Development (TOD) boundary, which may allow for increased density and development intensity, subject to municipal approvals. This offering presents a covered land play with existing income while pursuing future redevelopment potential.
145.02m² Land for sale in Miami, Miami-Dade, Florida, USA № 614301
$ 1 600 000
$ 11 033 per m²
145.02
Living space, m²
Miami, USA
Parameters
Living space, m²
145.02
ID
614301
Address
1866 SW 25th Ter, Miami FL 33133
Type
Land
Completion date
IV quarter, 1937
Parking places
2