22825 S Dixie Hwy, Miami FL 33170

$10,900,000

Overview

Commercial
Property Type

Square Feet
Area Size

2.5 Square Feet
Land Area

Coldwell Banker Realty
Listing Office

Rosy Cancela
Listing Agent

A11787665
Property ID

360° Virtual Tour

Description

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.

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