Redevelopment Opportunity with Approved use of Affordable Housing.

13639 W Dixie Highway North Miami, FL 33161

13639 W Dixie Highway, North Miami, FL, 33161
13639 W Dixie Highway, North Miami, FL, 33161 13639 W Dixie Highway, North Miami, FL, 33161
FOR SALE
Property Type:
Strip Center
Amount:
$1,650,000
Cap Rate:
0.00%
Last Verified:
Mar 26, 2024

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Rare opportunity to purchase a free-standing subdivided retail building on one of the most heavily traveled areas of North East Dade, Miami. Falling under multiple overlays the site allows for an increased density of 100 dwelling unit to the acre, allowing for a max of 32 units on this site. Approval and plans already in place. Renderings available for qualified prospects. Currently rented to 4 retail tenants who are on month to month leases and paying below market rent. This property is best seen as a solid covered land play for a developer looking to ultimately take advantage of the strong redevelopment incentives while capitalizing on the in-place income for short-term or stable annual rentals in the meantime as the neighborhood continues to grow and thrive. SELLER FINANCE WILL BE CONSIDERED.

Map of 13639 W Dixie Highway, North Miami, FL, 33161

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because: