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11575 NW 7th Ave 1.24 Acres of Commercial Land Offered at $11,500,000 in Miami, FL 33168

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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. Perfect development site in its own block with high visibility. I 95 to the east, NW 7th Avenue to the West, NW 115 Street to the South and NW 116 Street to the north.

Professional Flyer_102125

A-400- Renderings-A-401 (1)

PROPERTY FACTS

Price	$11,500,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Single Family Development
Sale Condition	Redevelopment Project	Total Lot Size	1.24 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	BU-2 - North Central Urban District

Price	$11,500,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Single Family Development
Total Lot Size	1.24 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	BU-2 - North Central Urban District

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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