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Investment Highlights
- Prime development site along The Underline with approvals for two luxury three-story townhomes
- T5-R zoning with TOD benefits supporting higher density residential development.
- Income-producing property generating approximately $5,400 per month during redevelopment planning.
- Walkable Miami location near Metrorail, Brickell, Coconut Grove, and urban lifestyle amenities.
Executive Summary
Exceptional covered land and redevelopment opportunity located along The Underline, one of Miami's most transformative urban corridors. The property features an existing income-producing single-family residence generating approximately $5,400 per month while offering approved plans for two luxury three-story townhomes. Situated on a 5,200 SF lot within a Transit-Oriented Development (TOD) area, the site benefits from favorable T5-R zoning, providing attractive redevelopment potential in a highly walkable location near transit, employment centers, and urban amenities.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $1,730,700 CAD | Lot Size | 0.12 AC |
| Price Per AC | $14,542,719.70 CAD |
| Price | $1,730,700 CAD |
| Price Per AC | $14,542,719.70 CAD |
| Lot Size | 0.12 AC |
Land Size: 0.5200 Zoning: T 5-R Parcel ID: 01-4115-026-0611 To be delivered with Fully Approved Plans.
Description
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 Lot Size: 5,200 Sq. Ft LOCATION HIGHLIGHTS Along UNDERLINE Between Coconut Grove & Brickell Within the TOD T5-R zoning | 65 units per acre SITE DETAIL Land Size: 0.5200 Zoning: T 5-R Parcel ID: 01-4115-026-0611 To be delivered with Approved Plans.
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4115-026-0611 | Improvements Assessment | $217,017 CAD |
| Land Assessment | $455,520 CAD | Total Assessment | $672,538 CAD |
Property Taxes
Parcel Number
01-4115-026-0611
Land Assessment
$455,520 CAD
Improvements Assessment
$217,017 CAD
Total Assessment
$672,538 CAD
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