0 Blue Heron Boulevard

    Riviera Beach, FL 33407
    • $3,500,000
    • STATUS: Active
    • ON SITE: 39 days
    • MLS #: RX-10566538
    UPDATED: 77 min ago
    $3,500,000
    • 0
      BEDS
    • 6.95
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    Description

    6.9 Acres on Blue Heron Blvd which is Located in an Opportunity Zone (Low-Income Community - #12099001302)In December 2017, President Donald Trump signed the Tax Cuts and Jobs Act of 2017, which created a new tool for community economic development, the Opportunity Zones program.This provides tax incentives, when investors reinvest capital gains in qualified Opportunity Funds (QOF). This allows investors to potentially avoid paying ANY tax on gains if the QOF investment is held for 10 years. Some of the permitted uses are; Churches & their educational buildings, Auto malls, Shopping center, funeral homes, Drive-in restaurants, Adult congregate living facility (ACLF), Substance abuse clinics, medical & dental clinics

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    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-12T18:03:42.44.
    www.castellihomes.com/homes/99576192

    0 Blue Heron Boulevard Riviera Beach, FL 33407

    • Price: $3,500,000
    • Status: Active
    • Updated: 77 min ago
    • MLS #: RX-10566538
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.95
    Acres
    Neighborhood:
    Lewis Terminals 1
    County:
    Palm Beach
    Area:
    Riviera Beach
    Elementary School:
    Dr. Mary Mcleod Bethune Elementary
    Middle School:
    Watson B. Duncan Middle School
    High School:
    Palm Beach Gardens High School
    Property Description
    6.9 Acres on Blue Heron Blvd which is Located in an Opportunity Zone (Low-Income Community - #12099001302)In December 2017, President Donald Trump signed the Tax Cuts and Jobs Act of 2017, which created a new tool for community economic development, the Opportunity Zones program.This provides tax incentives, when investors reinvest capital gains in qualified Opportunity Funds (QOF). This allows investors to potentially avoid paying ANY tax on gains if the QOF investment is held for 10 years. Some of the permitted uses are; Churches & their educational buildings, Auto malls, Shopping center, funeral homes, Drive-in restaurants, Adult congregate living facility (ACLF), Substance abuse clinics, medical & dental clinics
    Exterior Features

    Front Exposure E Ground Cover Grass Improvements SidewalkStreet Light Lot Description 5 To 10 Acres Roads County Road Trees Other Waterfront YN No

    Property Features

    Available Docs None Development Name Lewis Terminals Development Status Undeveloped Homeowners Association None Land Type Commercial Land List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location City REO No Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Style Commercial Tax Amount 23567.50 Tax Year 2018 Terms Considered CashConventionalOther Utilities Available None Utilities On Site None Zoning Cg - (56 )

    Listing provided courtesy of The Corcoran Group.

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-12T18:03:42.44.
     
    Castelli Real Estate Services
    2227 Wilton Drive
    Fort Lauderdale FL, 33305