REDEVELOPMENT
1866 Southwest 25th Terrace
Miami, FL 33133
Highlights
- PROPERTY HIGHLIGHTS
- 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
- LOCATION HIGHLIGHTS
- Along UNDERLINE
- Between Coconut Grove & Brickel
- Within the TOD
- T 5R zoning/ 65 units per acre
- SITE DETAIL
- Land Size: .5200
- Zoning : T 5-R
- Parcel ID :01-4115-026-0611
- To be delivered with Approved plans
- Asking $1,400,000.00
Description
The opportunity consists of redevelopment of the existing $5400.00 monthly and redeveloping two luxury townhomes
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.
LOCATION HIGHLIGHTS
Along UNDERLINE
Between Coconut Grove & Brickel
Within the TOD
T 5 R zoning / 65 units per acre