For Sale
$3,000,000

2935 27Th LnMiami, FL 33133

Prime Miami location, 13,567 sq ft, high-density potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional redevelopment opportunity presents a unique chance to capitalize on a prime 13,567 square foot lot in Miami, Florida. The property, encompassing two parcels (APN 0141160370310 & 0141160370200311), currently consists of a single-family home and a duplex, totaling three units with 100% occupancy and a current NOI of $110,000. The property is zoned T4L, situated within a Transit-Oriented Development (TOD) boundary, allowing for significant density increases and potential parking reductions. This favorable zoning, combined with the property's location directly adjacent to The Underline, a popular linear park, presents a compelling case for a high-density mixed-use development. Preliminary analysis suggests the highest and best use is a multi-story project, potentially yielding 50 to 60 units. The asking price for this fee-simple ownership is $3,000,000. The property's location between Coconut Grove and Brickell offers unparalleled access to Miami's vibrant urban core. Built in 2026, this property offers a blank canvas for a developer seeking to create a high-impact project in a rapidly growing area. The combined lot size provides ample space for a substantial development, maximizing return on investment. This is a rare opportunity to acquire a significant land assemblage in a highly desirable Miami location.

Highlights

  • Two parcels: 01-4116-037-0310 & 01-4116-037-0311, Sylvanmere Subdivision.
  • Single-family home and duplex on one lot.
  • Three living units total.
  • 3,288 square feet of combined living area.
  • 13,567 square foot lot.
  • Prime location between Coconut Grove and Brickell, within a Transit-Oriented Development (TOD) zone.

Property Details for 2935 27Th Ln

Property type
Mixed-use properties, Apartment buildings
Year Built
2026

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.7401465
Longitude
-80.2414105
2935 27Th Ln, Miami, Florida

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2935 27Th Ln
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