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11575 NW 7th Ave
Miami, FL 33168
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Freestanding building with excellent visibility on NW 7th Ave
- Surrounded by dense residential and commercial activity
- Immediate access to I-95 and major Miami thoroughfares
- Excellent Potential Redevelopment Opportunity
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
18,252 SF
Building Class
C
Year Built
1960
Price
$11,500,000
Price Per SF
$630.07
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
18,252 SF
Building FAR
0.39
Lot Size
1.07 AC
Opportunity Zone
Yes
Zoning
BU-2 - North Central Urban District
Parking
65 Spaces (3.56 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 30-2136-032-0050 | Improvements Assessment | $621,400 |
| Land Assessment | $2,163,600 | Total Assessment | $2,785,000 |
PROPERTY TAXES
Parcel Number
30-2136-032-0050
Land Assessment
$2,163,600
Improvements Assessment
$621,400
Total Assessment
$2,785,000
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