Office Building – 32,489 sqft in Palmetto Bay, FL – Prime Redevelopment Opportunity in Opportunity Zone

Category: Office

Price:$7,500,000

Location: Palmetto Bay, FL

Year Built: 1973

Days on Market: 21

Description:

Introducing a prime commercial listing offering an exceptional opportunity for investors and business owners. This 2-story office building spans a generous 32,489 sq ft and is currently vacant. Situated on one of the last remaining 3-acre properties in downtown Palmetto Bay, this property holds immense potential for major redevelopment ventures such as mixed-use developments, multifamily residences, and more. The location is strategically advantageous, being nestled within an opportunity zone, providing potential tax benefits for investors. Additionally, it is conveniently positioned within a half-mile radius of the new Hibiscus Street South Dade Rapid Transit Station, ensuring excellent accessibility and connectivity for tenants, customers, and employees.

Prime commercial listing offering an exceptional opportunity for investors / business owners. This 2-story office building spans a generous 32,489sqft

Listing Code: 1038933526