Incredible covered land play or redevelopment opportunity on So Dixie Hwy, between Cutler Bay and Homestead, on SW 124 Avenue.
Miami, FL 33170
Listing
| Web ID: | 5389389 |
|---|---|
| Website: | https://www.nestseekers.com/5389389 |
Property
| Ownership: | Sole Proprietor |
|---|---|
| Type: | Commercial |
| Lot Size: | 2.5 Acres |
Financials
Price:$10,900,000
Annual Taxes:$28,767
Description
Incredible covered land play or redevelopment opportunity on So Dixie Hwy, between Cutler Bay and Homestead, on SW 124 Avenue. This 2+ acre BU-3 zoned site is currently leased to small car dealers.BU-3 zoning, while excluding office use, does allow Wholesale Facilities, Spot commercial, Strip commercial, and neighborhood shopping centers. This liberal commercial zoning allows for the possibility of applying the Live Local Act, which would facilitate residential use as part of the redevelopment. The Florida Live Local Act aims to address the state's affordable housing crisis by providing various incentives and opportunities for developers to create workforce housing. It offers funding, land-use flexibility, and tax benefits to encourage the construction of affordable rental housing units.
Amenities
- ElectricityAvailable
- PhoneAvailable
- TrashCollection
- WaterAvailable
Contact
Listing Courtesy of Coldwell Banker Realty