Incredible covered land 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 states 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.
- Address 22825 S Dixie Hwy
- City Miami
- County Miami-Dade
- Zip 33170
- Price $12,900,000
- Status Active
- Subdivision Silver Palm Park
- Pets Allowed No
- MLS® # A11787665
- Property Type Land
- Property Sub TypeCommercial
- Status Active
- Square Feet
- Year Built
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $28,767
- Tax Year 2024