Costantini VIP Realty

Serving the Miami-Dade, Broward and Palm Beach Counties

 

Property Description

10 vacant lots totaling 67500 SF to develop an approved project by the City of Homestead consisting of 24 Affordable Housing Units and 17 Retail Units for rent. This development will comply with the requirements of the Southwest Neighborhood Master Plan. The proposed project will consist of +-14,500SF of retail on the first floor, and 39651 SF of twenty 4bed/2bath and four 3bed/2bath units on the second and third floors. The New Historic Downtown and Business Center within walking distance. Site Market Value per BPO $2,910,000.00 Prospective Market Value at Completion $12,689,716, Value at Stabilization (after18 months) $18,596,500.00, stabilization value based on a 5% cap rate of a projected NOI of $929,825.00 in year one.

Features
: City Location, 1-2.5 Acres
: Other
: Electricity Available, Sewer Available, Water Available, No Utilities
Address Details
FL
Miami-Dade County
Homestead
33034
305 SW 6th Ave
PINEHURST
0
Other
23
: All Cash
1
$798
2021
: Municipal Water
9400

Commercial Land For Sale

PINEHURST

305 SW 6th Ave, Homestead, Florida 33034

67,500 Sqft
$4,450,000
Listing ID #A11230153
Basic Details
Property Type : Commercial Land
Listing Type : For Sale
Listing ID : A11230153
Price : $4,450,000
Lot Area : 67,500 Sqft
Status : Active
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