380 Units | Opportunity Zone Land | North Miami Beach
Covered Land Play | Opportunity Zone| Located in CRA district
Marketing description
Excellent Location within the North Miami Beach CRA. Located just a Few Blocks West of Biscayne Boulevard, close proximity to Aventura, Sunny Isles and Bal Harbor, walking distance to the Planned Tri-Rail Coastal Link Station and minutes away from Florida International University Biscayne Campus. Many new complementary developments in planning stages in immediate area. 67,000 Vehicles per Day on Northeast 163RD Street.
Property Brochure: https://facommercial.com/properties/?propertyId=1141301-sale
Investment highlights
The site is also located within the recently federally designated Opportunity Zone which may allow tax breaks with possible elimination of cap gains for investors.
Potential development 380 units
Covered Land Play
Income producing assets
Located within the North Miami Beach Community RedevelopmentArea which allows a developer to apply for the Direct FinancialIncentive Program from City NMB (40% to 60% of the net new tax increment revenue generated by the project could be refunded to the developer).
Potential assemblage with lot next door for total 2.14 acres
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