Miami, Florida 33133 - Wow vacant land in the heart of Coconut Grove! Amazing opportunity for a wise investor to develop in the heart of Coconut Grove. The Grove is back and undergoing a revitalization stage. There are investor already investing in the Grove. Don't let this opportunity slip away. Coco Walk is undergoing a redesign to include state of the art offices. The Grove is in line to become the next major business district in South Florida. Lot is already approved for a mixed use building up to 5 stories above grade and 2 stories below grade. SD-2 Zoning.We already have different possible development scenarios that all give great CAP rates of 9.0% or above.Not only will you have income generated from your office building but ca charge for parking as parking is a limited resource in the Grove.
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Listing Courtesy of 247 RealtyPRO