11575 NW 7th Ave - Commercial LAND FOR SALE


Miami, FL 33168- Pinewood54,088 SF
$11,500,000 USD
786-255-1507
11575 NW 7th Ave, Miami, FL for Sale
$11,500,000 USD
Commercial LAND - FOR SALE
1/17
54,088 SF

11575 NW 7th Ave
Miami, FL 33168
Pinewood


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/ACRE

$9,261,231/AC

PRICE/SF

$213 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Single Family Development

LAND ACRES

1.24 AC

LAND SF

54,090 SF

OFFSITE IMPROVEMENTS

-

ZONING

BU-2

APN/PARCEL ID

30-2136-032-0050

ASK ABOUT THIS PROPERTY

Rene RodriguezOcean Palm Realty, Inc.More Info
786-255-1507

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Rene RodriguezOcean Palm Realty, Inc.More Info
786-255-1507

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.