17911 S Dixie Hwy, Palmetto Bay, FL, 33157

17911 S Dixie Hwy Palmetto Bay, FL 33157

17911 S Dixie Hwy, Palmetto Bay, FL, 33157
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FOR SALE
Property Type:
Other Land
Amount:
$6,500,000
Last Verified:
Feb 14, 2024

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Highlights

  • 17911 S Dixie Hwy, Miami, FL 33157 (Main Address)
  • 17901 S Dixie Hwy, Miami, FL 33157
  • 9800 E Indigo St, Miami, FL 33157
  • Folio Numbers:
  • 33-5032-007-0050
  • 33-5032-007-0110
  • 33-5032-007-0100
  • 33-5032-007-0090
  • 33-5032-007-0080
  • 33-5032-007-0061

Description

Situated at 17911 S Dixie Hwy, Miami, FL 33157, affectionately referred to as "The Property," this prime real estate presents an exciting redevelopment opportunity in the charming Village of Palmetto Bay. Nestled along the bustling South Dixie Highway corridor, The Property boasts a strategic location, offering optimal exposure to the thriving community of residents and consumers alike.

Zoned within the Eureka Sector of Palmetto Bay, The Property enjoys a unique designation that facilitates a seamless transition from the expansive developments along US-1 to a more intimate, mixed-use environment with a residential focus. This sector is designed to accommodate a variety of building types, allowing for versatile commercial and retail spaces on the ground level, complemented by offices or multi-unit residential units above. Emphasizing harmonious transitions, particularly towards the eastern boundary of the sector, this zoning provides ample flexibility for innovative development concepts to flourish.

The Eureka Sector provides the transition from the large-scale development along US-1 to the smaller-scale main street mixed-use environment and residentially focused Neighborhood Sector. This sector provides for flexible building types to accommodate commercial/retail at the ground level and offices or multi-unit residential on the stories above, while respecting transitions to the east edge of the sector.


Year Built: 1972
Building Size: 22363sq ft
Lot Size: 1.76 acres

Map of 17911 S Dixie Hwy, Palmetto Bay, FL, 33157

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.