505 N Krome Ave, Homestead FL 33030

For Sale · Active Listing

$3,500,000

Est. Payment $18,628/mo

MLS Sheet Video

1955

Year Built

1

Stories

59

Days on Market

Description

Prime location for this commercial 7,640 sq ft building with a 13,500 sq ft lot directly on Krome Ave in the City of Homestead with B-1 zoning. The property is currently divided for two businesses but can be remodeled as desired to accommodate up to 5 separate units, each with their own address and bathroom. Parking is available on the street in front of the business, with additional paved parking in the back of the building which offers both front and back building access. The building has recently completed its 40-year recertification and is ready for its new owner.

Facts

MLS#
A11984815
Subdivision
Property Type
Commercial Sale
Property Sub Type
Retail
Year Built
1955
Lot Size
13,500 ft²
Sq. Ft.
Sq. Mt.
Price per sq. ft.
Price per sq. mt.
Stories
1
Garage
Pool
Days on Market
59 days
Listed
Mar 20, 2026
Last Updated
May 18, 2026
Price/Lot Sq.Ft.
$259/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Homestead

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

57

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

3/20/2026Listed for sale$3,500,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

505 N Krome Ave, Homestead FL 33030Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$21,695/mo

Principal & Interest

$18,628

Property Tax

$2,917

Insurance

$150

HOA

$0

20% ($700,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.

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Updated within 24 hours

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