The property is located at 2640 SW 28th Lane, which is geographically located at the entrance of Coconut Grove adjacent to where the Underline is running. The property currently operates as warehouses, totaling more than 30,000 SF with 4 bays ranging from 7,500 SF -8,000 SF. Furthermore with the current zoning (D1). By right, you can build 36 residential units or 72 hotel keys and can go 8 stories with the ability to build up to 220,000 SF of maximum built area. The property qualifies for the Live Local Act as well as RTZ zoning. For more info please reach out to the listing agent.
2640 SW 28th Ln, Miami, FL, 33133
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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