2935 27Th LnMiami, FL 33133

Property Details for 2935 27Th Ln

Year built

2026

Property type

Mixed-use properties

Property subtype

Apartment buildings

Description

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.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7401

Longitude

-80.2414

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