Data last updated: October 5, 2026 at 8:00 PM ESTProperty Description
Opportunity Zone Property
This property is located inside a federally designated Qualified Opportunity Zone. Long-term investors may still access meaningful capital-gains benefits — primarily the potential exclusion of post-investment appreciation after a 10-year hold — when structured through a Qualified Opportunity Fund.
- ExcludePotential permanent exclusion of post-investment appreciation if held 10+ years through a Qualified Opportunity Fund
- TransitionCurrent zone designations remain in effect through 2028; new permanent OZ 2.0 rules begin January 2027
- StructureBenefits require investment via a Qualified Opportunity Fund and satisfaction of holding-period and improvement tests
Opportunity Zone benefits depend on timing, fund structure, holding period, and substantial-improvement tests. The original deferral of pre-investment gains ends December 31, 2026. New rules (OZ 2.0) begin January 1, 2027. This is educational only — not tax, legal, or investment advice. Confirm current eligibility and structure with your CPA and counsel before acting.
What this site can be used for
Uses come from the MLS listing. Confirm allowed uses with the city or county before you write an offer.
Site readiness
Pulled from MLS utility fields and listing remarks. Green means the listing mentions it — not that it is installed or permitted.
- WaterUnknown
Not stated in MLS fields or remarks
- Sewer / septicNoted
Sewer, septic, or perc / soil work mentioned
- PowerNoted
Electric or underground utilities mentioned
- Road frontageCheck
City Street, Private Road
- Survey / soilsUnknown
No survey or soil language found in remarks
0.16 acres
Parcel notes
Other listing fields not covered above
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761 Formwalt Street SW
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Important Investment Information
Land metrics (acreage, price per acre, zoning) are taken from the MLS listing when available. All figures are for screening only — verify parcel data, surveys, and restrictions independently.
Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.
This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.