Description

8,799 sq ft lot offering significant potential in sought-after, qualified Opportunity Zone (OZ). The lot does need to be platted. This OZ asset provides a unique investment opportunity for an OZ investor with exclusive tax benefits including deferred taxes until 2027 and a step-up in basis to maximize returns with no tax on OZ appreciation. For accurate guidance on tax benefits, it's recommended to consult with a qualified tax professional. Lot is in the 100 year flood plain. Less than 1 mile from Dallas VA Center and 1.3 miles from The Barak Obama Male Leadership Academy.