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.