18330 SW 97th Ave 0.95 Acres of Commercial Land Offered at $3,693,691 CAD in Palmetto Bay, FL 33157

Blanca Commercial Real Estate, Inc. is pleased to be appointed as the exclusive agent for the sale of the Palmetto Bay Development Site. Situated on the hard corner of Eureka Drive and SW 97th Avenue, this +/- 41,253 SF site offers an ideal development opportunity in the heart of Palmetto Bay Strategically located within the Eureka Sector of the Downtown Palmetto Bay District, the site’s flexible zoning permits a myriad of potential applications to a developer. Despite being a perfect candidate for a multifamily project, the site was originally slated as a state-of-the-art medical office complex given its proximity to multiple medical facilities. Its position within a vibrant, growing community known for excellent schools, abundant retail, and key employment centers further amplifies its appeal. This makes the site an outstanding opportunity for those looking to capitalize on the advantageous location and dynamic potential of Palmetto Bay. Alongside the wide variety of potential uses available on the site and the remarkable submarket that surrounds it, the advantages of the Palmetto Bay Development Opportunity continue. Eureka Drive, Franjo Road, and SW 183rd Street all reach the subject property, boosting the accessibility and convenience for any project. Lastly, the site lies within a Qualified Opportunity Zone, offering substantial tax incentives that enhance the feasibility and profitability of future developments.