Rare development opportunity in the heart of Coconut Grove! Fully leased, income-producing duplex on a 6,000 SF duplex-zoned lot with two excellent tenants in place. Ideal for new construction, build two luxury townhomes (approx. 1,845 SF each, 3 bed / 3 bath). Estimated hard cost is $200/SF, with a projected all-in cost of $1.3M per townhome. Resale comps in the $1.6M+ range offer strong upside for developers. Utilities at street. Lot may be split, buyer to verify with city. Prime location near parks, shops, schools, and dining. Drive-by only; do not disturb tenants. Showings will be scheduled for serious buyers only. Conceptual plans available for illustration purposes only.
| MLS # | A11839361 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 419 |
| Listing Provided By | Avanti Way Realty LLC | Frank Potamos |
| SQ Feet | 1,492 |
|---|---|
| Story(s) | 2 |
| Zoning | 5700 |
| Lot Features | Less Than Quarter Acre |
|---|
| Tax Annual Amount | 14098 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33133 |
| Area | 41 |
| Community Name | FROW HOMESTEAD |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33133 |
| Area | 41 |
| Community Name | FROW HOMESTEAD |