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Informations principales sur l'investissement

  • Secured approvals under SB 102 Live Local Act and Ordinance 2024-21 support immediate construction.
  • Eligible for $10M–$15M CRA funding, bridging critical development capital needs.
  • Submarket fundamentals show declining vacancies and no competing supply forecast for 2026.
  • 30-year property tax exemption enhances operational efficiency and project viability.
  • Transit-oriented location near major expressways and 0.5 miles from Miami-Opa Locka Executive Airport.

Résumé analytique

The property consists of three assembled parcels in Opa-locka, Florida, comprising approximately 1.09 acres within the Historic Downtown Opa-locka District (HDOD). Zoning allows for mixed-use development, including residential and ground-floor commercial components. The site has received administrative site plan approval under local ordinance and state housing legislation, with permitted heights of nine and six stories. The proposal includes structured parking and on-site commercial space, and affordability covenant restrictions apply for a minimum of 40% of units. The property provides access to State Road 826, Interstate 95, the Florida Turnpike, and is located near Miami-Opa Locka Executive Airport.

Informations sur l’immeuble

Type de vente Investissement
Nb de lots 1
Type de bien Terrain
Sous-type de bien Terrain commercial
Usage proposé Logement
Surface totale du lot 0,23 ha
Zonage B-2 - Commercial

1 Lot disponible

Lot 3

Surface du lot 0,23 ha

Fully entitled mixed-use development with 140 residential units and ground-floor retail.

Description

This fully approved, shovel-ready development presents an exceptional opportunity to deliver 140 residential units within the vibrant Opa-locka submarket. Entitlements are secured under SB 102 Live Local Act and Ordinance 2024-21, eliminating rezoning risks and enabling immediate vertical construction. The plan combines nine-story and six-story structures over a prominent 1.09-acre site with 5,380 SF of street-level commercial space, enhancing live-work-play dynamics. The project benefits from significant financial incentives, including a 30-year ad valorem tax exemption and eligibility for $10–$15 million in CRA subsidies, materially reducing operating costs and bridging financing gaps. These advantages, combined with Miami-Dade County’s persistent housing demand and submarket fundamentals—5.3% vacancy with declining supply—position the asset for long-term performance. With prime connectivity to I-95, SR-826, and Florida’s Turnpike, plus proximity to Miami-Opa Locka Executive Airport, the location offers excellent commuter accessibility. Median household incomes align with affordability thresholds under the Live Local Act, providing a resilient renter base. This project is structured to maximize feasibility and long-term revenue growth within one of South Florida’s most undersupplied

Assez praticable à pied
50/100
Moyennement adapté aux voitures
70/100
Bons transports en commun
60/100
Plutôt praticable en vélo
50/100

Taxes foncières

Taxes foncières

N° de parcelle
Multiple
  • 08-2121-005-0320
  • 08-2121-004-1290
  • 08-2121-004-1300
Évaluation du terrain
0 €
Évaluation des aménagements
0 €
Évaluation totale
373 402 €
  • ID de l’annonce: 40834376

  • Date de mise sur le marché: 08/06/2026

  • Dernière mise à jour:

  • Adresse: 100-111 Perviz Ave, Opa Locka, FL 33054

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