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11575 NW 7Th Ave Miami, FL 33168

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For Sale
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54,090 sqft commercial land in an Opportunity Zone.

Lot size:
1.00 Acre

Property Features for 11575 NW 7Th Ave

General Information

Standard status
Active
Zoning
6062
Lot size
1.00 Acre

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Listing Contact
Rene Rodriguez
Source: Crexi

Listing Agency: Ocean Palm Realty, Inc. Listing Agent: Rene Rodriguez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Miami Opportunity Zone Land

This centrally located 54,090 sqft property is situated in a designated Opportunity Zone. Under current zoning regulations, the site can support a maximum density of 110 residential units. The property may qualify for the live local ordinance, potentially increasing the density to 220 or more residential units. Visible from I-95 and 441, the location is also minutes away from Barry University and other schools. Being located in a Federally designated Opportunity Zone offers significant tax advantages to investors. If the property is developed and held for at least 10 years, capital gains from a future sale may be entirely tax exempt. Additionally, if funds from another gain are invested into the Opportunity Zone fund, the capital gain can be deferred for 5 years with a 10% reduction in Year 5. Interested parties should consult with their local authority for specific details.
Location Intelligence

Current Use by Public Records

BEA Architects, Inc. Architecture Firm BEA Architects Architect Sunset Air Conditioning ... Corporate Office Dade County TASC ... County Government Office

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.183936
Latitude
25.88234

FAQs

What type of property is this?
Commercial land - 54,090 sqft commercial land in an Opportunity Zone.
Where is this commercial land located?
The property is located at 11575 NW 7Th Ave Miami, FL.
What are key features of this property?
This property features: - Centrally located 54,090 sqf site.; - Located in a Federally designated Opportunity Zone offering significant tax advantages, potentially including tax-exempt capital gains after 10 years.; - Zoning supports a high density of residential units, with potential for 220+ units under the live local ordinance.
More about this property
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