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.
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 | $4,414,865.50 |
| 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.
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PROPERTY TAXES
| Parcel Number | 30-3121-057-0190 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $752,191 |
ZONING
| Zoning Code | BU-3 (Commercial Business) |
