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.
Property Details
Price:
$11,500,000
MLS #:
A11787665
Status:
Active
Beds:
0
Baths:
0
Address:
22825 S Dixie Hwy
Type:
Single Family
Subtype:
Commercial
Subdivision:
SILVER PALM PARK
Neighborhood:
Silver Palm Park
City:
Miami
Listed Date:
Apr 21, 2025
State:
FL
ZIP:
33170
Lot Size:
87,120 sqft / 2.50 acres (approx)
Schools
Interior
Exterior
Financial
Tax Year
2024
Taxes
$28,767
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