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5390 NW 27th Ave - 5390 NW 27 AVE

1.7 Acres of Commercial Land Offered at $7,500,000 in Miami, FL 33142

Investment Highlights

  • Llocated in an Opportunity Zone for tax benefits
  • Great intersection point of Hialeah and Miami.
  • Adjacent to a metro-rail station for great transit mobility and access to jobs for residents

Executive Summary

Located on a hard corner intersection of NW 54 St and NW 27 Av. 1.68 Acre 74,000sf site. Site is perfectly positioned
for SB102 Live Local zoning application allowing you to tap into highest county density of 250 units/acre or 420 units and max local heights of 15 stories with possible bonuses. SB102 will allow you to also mitigate real estate taxes and impact fees for added benefits.

Property Facts

Price $7,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 1.70 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $7,500,000
Price Per AC $4,414,865
Lot Size 1.70 AC

1.68 Acre Transit-Oriented Hard Corner Development Site at the Intersection of Hialeah and Model City.

Description

The site has many strong advantages and AADV traffic counts of 33,000 and 21,000 on each intersecting road of this corner. We will not consider LIHTC or similar offers.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-3121-057-0190
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$752,191

zoning

Zoning Code BU-3 (Commercial Business)
BU-3 (Commercial Business)
  • Listing ID: 32981190

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 5390 NW 27th Ave, Miami, FL 33142

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