Data last updated: October 5, 2026 at 4:01 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.
Listing facts
Structured MLS fields. Remark language is not verified.
- Year built
- 1945
- Zoning
- C2
- Price / SF
- $36
- Price / acre
- $665,079
- Days on market
- 8
- Ceiling height
- 0
- Loading
- Delivery Door, Overhead Door
- Road frontage
- City Street, Highway
- Owner pays
- All Utilities, Electricity, Gas, Sewer, Water
- Taxes
- $4,325
- Tax year
- 2024
- Opportunity zone
- Yes
Utilities & systems
As reported on the listing. Confirm service and capacity on site.
Available
- Cable
- Electricity
- Natural Gas
- Phone
- Sewer
- Water
Sewer
- Public Sewer
Heating
- Central
- Forced Air
- Office Area Only
Cooling
- Central Air
- Office Area Only
Commercial Analysis
Key metrics and property characteristics
Inquire about this listing
507 & N Center Street N
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Important Investment Information
Financial and property metrics are taken from the MLS listing when available. Cap rates or other calculated figures may be estimated. All figures are for screening only — verify with current financials and physical inspection.
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.