22825 S Dixie Hwy, Miami, FL 33170

$10,900,000

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List Price
$10,900,000
Price Change
▼ $600,000 1780360753
MLS#
A11787665
Status
ACTIVE
Type
Commercial

Property 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.

Additional Information

Days on Market
484
Tax Amount
$28,767
Parcel Number
30-69-13-011-0490
Lot Size
87,120
Directions
Corner of So Dixie Hwy and SW 124 Avenue
Address
22825 S Dixie Hwy, Miami
Development Name
Silver Palm Park
Development
Silver Palm Park
Section
13

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Calculator source: Real Geeks

Listing Courtesy of Coldwell Banker Realty, Contact: 305-342-7442