About This Property

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.

Key Features

• Built in 1948

Property Details

• Type: Single Family Home
• Year Built: 1948
• Sq Ft: 1,492
• Price / Sq Ft: $1,240
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: Built in 1948
• Status: Active
• MLS Number: 1129154420
• Days on Market: 455
• Listed By: Avanti Way Realty LLC · Frank James Potamos
• Zip Code: 33133