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
Agent info
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