Coconut Grove Duplex Development Site
3164 Plaza St. Miami FL 33133 | $550,000
This is an example of the project that can be built on the property.
A DEVELOPERS DREAM
VERY RARE OPPORTUNITY TO PURCHASE A LARGE DUPLEX ZONED, VACANT DEVELOPMENT SITE IN THE EXCITING & HISTORIC COCONUT GROVE! Lot is ready for development and a developers dream. Limited availability on duplex zoned properties in the area due to demand by developers makes this lot perfect for anyone looking to make a solid investment. Easy to develop and both approved project and completed developed project also available. Prices in the area have been rising consistently as new development has reinvigorated Coconut Grove. Walking distance to Downtown Coconut Grove, the newly redesigned Regatta Park and a short drive from Brickell, Miracle Mile, Downtown Coral Gables and Merrick Park.
ZONING
T3-0 (Duplex)
Lot Size: 6,600 SF
BUA: approx. 6,000 SF
This is an example of the project that can be built on the property.
PURCHASE TOTAL DEVELOPED PROJECT
Grove Place is the proposed development project for the 3164 Plaza St. lot. If you would like to purchase the finished, developed, tenant ready 2 unit (6 bedroom 5 bathroom) townhouse please inquire.
Total Cost: $1,900,000 ($950,000)
Potential Monthly Total Rent: $10,000 ($5,000 Per Side)
Cap Rate: Approx. 6%