Property Description
Centrally located 54,090 sqf in an “Opportunity Zone”. Under zoning the site supports a maximum density of 110 residential units. This property would qualify for the live local ordinance that would push density to 220 or more residential units. Visible from I-95 and 441 and minutes from Barry University and schools. Located in the Federally designated Opportunity Zone provides significant tax advantages to investors. If the property is developed and held for a minimum period of 10 years, the capital gains from future sale may be entirely tax exempt. If funds from another gain are put into the “opportunity zone fund” the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Please consult with your local authority.
Features
- Sewer
Address Map
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33168
- Street:
- 11575 Nw 7th Ave, Miami, Florida 33168
- Longitude:
- W81° 47' 24.3''
- Latitude:
- N25° 52' 49.9''
MLS Addon
- Cumulative DOM:
- 123
- DOM:
- 123
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- LotSize Dimensions:
- 200x200
- Parcel Number:
- 30-21-36-032-0050
- Subdivision Name:
- PARKWOOD TERRACE
- Tax Annual Amount:
- $47,202
- Tax Year:
- 2024
- Utilities
Land For Sale
11575 Nw 7th Ave, Miami, Florida 33168, Miami, Florida 33168
54,090 Sqft
$10,500,000
MLS # #A11894110
Basic Details
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $10,500,000
- Lot Area :
- 54,090 Sqft
- MLS # :
- A11894110
