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4901 NW 17th Ave - 15,135 Square Feet in Opportunity Zone

0.36 Acres of Residential Land Offered at $997,000 in Miami, FL 33142

INVESTMENT HIGHLIGHTS

  • T5-O zoning designation
  • Heavy traffic and visibility
  • Corner Lot

EXECUTIVE SUMMARY

The subject property is situated on NW 17 Ave in the City of Miami, a high-traffic area with significant visibility and accessibility. This 15,135.75 square foot prime commercial assemblage provides ample space for various development opportunities. The T5-O zoning designation, allows for a mix of commercial and residential uses with an emphasis on urban and transit-oriented development. The 144 linear feet of frontage along NW 17 Ave, enhances visibility and maximizes potential for signage and customer access. Located within a Qualified Opportunity Zone (QOZ), offering potential tax incentives for investors under the program aimed at fostering economic development in designated areas. Ideal for a wide range of commercial developments including retail, office spaces, mixed-use projects, or residential developments, capitalizing on its strategic location and zoning allowances. The location has convenient access to major transportation arteries and public transit, enhancing connectivity and attractiveness to tenants and customers alike. Situated in a vibrant area experiencing ongoing urban revitalization and economic growth, with increasing demand for commercial spaces. This is a unique investment opportunity due to its location in a QOZ, providing potential investors with tax benefits and long-term appreciation.

PROPERTY FACTS

Price $997,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.36 AC
Opportunity Zone Yes

1 LOT AVAILABLE

Lot

Price $997,000
Price Per AC $2,769,444.44
Lot Size 0.36 AC

The subject property is situated on NW 17 Ave in the City of Miami, a high-traffic area with visibility and accessibility. This 15,135.75 square foot prime commercial assemblage zoned T5-O provides ample space for various development opportunities.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-3123-015-0310
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$125,779

ZONING

Zoning Code T5-O (Transect zone 5, or T5, consists of a higher density mixed-use building type, that accommodates retail and office uses with apartments.)
T5-O (Transect zone 5, or T5, consists of a higher density mixed-use building type, that accommodates retail and office uses with apartments.)
  • Listing ID: 32501959

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 4901 NW 17th Ave, Miami, FL 33142

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