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11575 NW 7th Ave 1.24 Acres of Commercial Land Offered at $11,500,000 in Miami, FL 33168
Executive Summary
Centrally located 54,090 SF development site situated within a Federally designated Opportunity Zone, offering substantial tax advantages for qualified investors. Under current zoning, the site supports up to 110 residential units, with the potential to increase density to 220+ units under the Live Local Ordinance (buyer to verify).
The property occupies its own full city block with exceptional visibility from I-95 and SR-441, and is just minutes from Barry University, major schools, and surrounding employment centers. The site’s strategic location and high traffic exposure make it ideal for multifamily or mixed-use development.
As an Opportunity Zone asset, investors may benefit from:
Deferral of capital gains when reinvesting proceeds into a qualified Opportunity Zone fund
10% capital gains reduction after 5 years
Potential full capital gains tax exemption on future appreciation if the asset is developed and held for 10 years or more
The property is bounded by:
I-95 to the East
NW 7th Avenue to the West
NW 115th Street to the South
NW 116th Street to the North
This is a rare, high-visibility infill development opportunity in a rapidly evolving submarket. Buyers are encouraged to consult with their tax and legal advisors to fully evaluate Opportunity Zone and Live Local benefits.
The property occupies its own full city block with exceptional visibility from I-95 and SR-441, and is just minutes from Barry University, major schools, and surrounding employment centers. The site’s strategic location and high traffic exposure make it ideal for multifamily or mixed-use development.
As an Opportunity Zone asset, investors may benefit from:
Deferral of capital gains when reinvesting proceeds into a qualified Opportunity Zone fund
10% capital gains reduction after 5 years
Potential full capital gains tax exemption on future appreciation if the asset is developed and held for 10 years or more
The property is bounded by:
I-95 to the East
NW 7th Avenue to the West
NW 115th Street to the South
NW 116th Street to the North
This is a rare, high-visibility infill development opportunity in a rapidly evolving submarket. Buyers are encouraged to consult with their tax and legal advisors to fully evaluate Opportunity Zone and Live Local benefits.
Property Facts
1 Lot Available
Lot
| Price | $11,500,000 | Lot Size | 1.24 AC |
| Price Per AC | $9,261,227.83 |
| Price | $11,500,000 |
| Price Per AC | $9,261,227.83 |
| Lot Size | 1.24 AC |
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.
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Walk Score®
Very Walkable (76)
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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Presented by
Ocean Palm Realty, Inc.
11575 NW 7th Ave
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