Commercial property in Homestead, Florida № 1811502

Property description

Don't miss this incredible opportunity to own prime real estate in one of South Florida's fastest-growing areas. We're offering 2 vacant commercial mixed use (CMU) lots in Homestead, totaling an expansive 8,000 square feet. The properties are located in an Opportunity Zone, offering potential significant tax benefits for real estate investors & developers. These benefits can include temporary deferral of capital gains taxes, a step-up in basis, & even permanent exclusion of taxable income on new gains for investments held for at least 10 years. The property may also qualify for an INCREASE IN DENSITY under the LIVE LOCAL ACT (Florida State law designed to increase the supply of affordable housing by providing developers with tax incentives & overriding certain local zoning regulations)