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$ 3,950,000
Est. payment /mo
Price Dropped by $50K
131 S Flagler Ave Homestead, FL 33030
17,908 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 17,908 sqft
Price per Sqft $220
MLS Listing ID A11975741
HOA Y/N No
Year Built 1926
Lot Size 1.145 Acres
Property Sub-Type Retail
Property Description
Rare covered land play in the core of downtown Homestead directly across from Homestead Station.
Fully assembled site with short-term income and flexible leases, allowing for near-term redevelopment under B-3 zoning (up to 6 stories).
The offering includes four (4) parcels (Folios: 10-7918-008-0010, 10-7918-008-0030, 10-7918-008-0060, and 10-7918-008-0070) and features an existing shopping center, a detached medical office building, and additional vacant land for future development.
The property is currently zoned highly desirable B-3. The existing structures have been renovated and brought up to code, including installation of new roofs.
Current in-place income totals $20,786 per month with 10 tenants all on one year lease expiring Dec 31st 2026.
The City will permit construction of a new building up to six (6) stories in height, providing significant upside and long-term redevelopment potential.
Fully assembled site with short-term income and flexible leases, allowing for near-term redevelopment under B-3 zoning (up to 6 stories).
The offering includes four (4) parcels (Folios: 10-7918-008-0010, 10-7918-008-0030, 10-7918-008-0060, and 10-7918-008-0070) and features an existing shopping center, a detached medical office building, and additional vacant land for future development.
The property is currently zoned highly desirable B-3. The existing structures have been renovated and brought up to code, including installation of new roofs.
Current in-place income totals $20,786 per month with 10 tenants all on one year lease expiring Dec 31st 2026.
The City will permit construction of a new building up to six (6) stories in height, providing significant upside and long-term redevelopment potential.
Location
State FL
County Miami-dade
Area 79
Exterior
Private Pool Yes
Others
Tax ID 10-79-18-008-0010
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11975741
Listed by Dags Group & Associates
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