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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 f
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.
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.
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