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    2935 27Th Ln Miami, FL 33133

    Sponsored
    For Sale
    $3,000,000

    Prime Miami location, 13,567 sq ft, high-density potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a unique chance to capitalize on a prime 13,567 square foot lot in Miami, Florida. The property, encompassing two parcels (APN 0141160370310 & 0141160370200311), currently consists of a single-family home and a duplex, totaling three units with 100% occupancy and a current NOI of $110,000. The property is zoned T4L, situated within a Transit-Oriented Development (TOD) boundary, allowing for significant density increases and potential parking reductions. This favorable zoning, combined with the property's location directly adjacent to The Underline, a popular linear park, presents a compelling case for a high-density mixed-use development. Preliminary analysis suggests the highest and best use is a multi-story project, potentially yielding 50 to 60 units. The asking price for this fee-simple ownership is $3,000,000. The property's location between Coconut Grove and Brickell offers unparalleled access to Miami's vibrant urban core. Built in 2026, this property offers a blank canvas for a developer seeking to create a high-impact project in a rapidly growing area. The combined lot size provides ample space for a substantial development, maximizing return on investment. This is a rare opportunity to acquire a significant land assemblage in a highly desirable Miami location.

    Property Features for 2935 27Th Ln

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    2026

    HighLights

    • Two parcels: 01‑4116‑037‑0310 & 01‑4116‑037‑0311, Sylvanmere Subdivision.
    • Single‑family home and duplex on one lot.
    • Three living units total.
    • 3,288 square feet of combined living area.
    • 13,567 square foot lot.
    • Prime location between Coconut Grove and Brickell, within a Transit‑Oriented Development (TOD) zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2414105
    Latitude
    25.7401465

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    FAQs

    What type of property is this?
    Multifamily property - Prime Miami location, 13,567 sq ft, high-density potential.
    Where is this multifamily property located?
    The property is located at 2935 27Th Ln Miami, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Two parcels: 01-4116-037-0310 & 01-4116-037-0311, Sylvanmere Subdivision.; Single-family home and duplex on one lot.; Three living units total.
    Request Owner's contact information
    2935 27Th Ln Miami, FL 33133
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2935 27Th Ln Miami, FL 33133
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