Plat No 1 Opa Locka
$1,150,000
1240 Sesame St, Opa Locka, FL 33054
171,000
NOI
Details:
Highlights:
- Lot Features: City Location, Urban Area Development, Less Than 1 Acre
- Gross Income: 285000
- Ownership: Sole Proprietor
Description:
1240 Sesame St is a 11,900 sf covered land opportunity, zoned for up to 10 apartment units, in the historic community of, Opa Locka, FL The property is priced at "Land-Value" as it is in disrepair and only partially occupied. There may be some Miami-Dade County as well as City of Opa Locka CRA grant funding available under their affordable/workforce housing and historic preservation programs. The property can be approached as a CRA-supported Historic Restoration OR a Covered-Land Opportunity where 10 to 12 new apartment units may be redeveloped under certain criteria to include a workforce component and honoring the historic Moorish-themed architecture. A 501C3 may be an appropriate ownership entity for access to grants.
Location
Gallery
