1477 NW 79th St

Miami, FL 33147

SITE PLAN APPROVED/Opportunity Zone project for 126 units + retail. (Optional approved scaled down 56 unit/8 story option available as well). Can expand the project + 6 floors and up to 185 units total by right. Nearby developments in the attachments. Both Swerdlow group projects (37 acre West Little River project, and mixed-use brightline Little River District) HueHub on 84th St w/ 4,032 units as well as two Blackstone redevelopment projects at 1250 NW 79th and 2640 NW 79th St. Benefits of this project include 75% reduction in property taxes in perpetuity, waiver of impact fees and refund in sales tax on materials, CRA TIF Incentives. Cost savings of $1,713,600 off construction estimate. Updated water/sewer infrastructure provided by the county abutting the property. Plenty of capacity for the 126 units or larger. Construction estimate available. Best priced project in the zip code by far! Comparables and development in the area in the attachments. Seller financing possible. Motivated seller. Appraisal came in above the current list price!