7,250 SF Vacant land

Description:

Excellent Development Opportunity in the booming neighborhood of Allapattah, Miami Florida. This 7,250 SFvacant lotis zoned T6-8-O and is located within the TOD (Transit Oriented District), Transit Corridor and an Opportunity Zone. The T6-8-O (Urban Core Zone) consists of the highest Density and greatest variety of Uses. T6-8-O allows for a Maximum Lot Coverage of 80%, Height/Stories between 2 and 8 and a Residential Density of 150.00 Du/Acre. The property location inthe TOD, within ¼ miles of a Transit Corridor, makes it eligiblefor development incentives such as parking reduction and increased Density, it may also qualify for an Attainable Mixed-Income Housing Development with additional special benefits including Impact Fees Deferral Programs. Opportunity Zone also provides significant tax benefits to investors.


Located in the center of Miami,4 miles east of MiamiInternational Airport, less than 2 miles west of prominent art & entertainment Wynwood districtand close to public transit and major employment hubs like the Health District, Government Center, Downtown Miami and Brickell, the emerging neighborhood of Allapattah is asought-after real estate commodity for mix-use developments.