1200 NE 8th St, Homestead FL 33033

Description

Exceptional 3.74-acre development and investment opportunity at the prominent corner of Campbell Drive and NE 12th Avenue in Homestead. The 162,911 SF site is zoned B-1 Restricted Retail Commercial with Light Commercial Future Land Use, Campbell Drive Corridor overlay and RTDO Subzone 4. RTDO Subzone 4 provides a minimum density of 20 DU/acre and a maximum density of 31 DU/acre, with the maximum density equating to approximately 115 theoretical residential units, subject to final site planning and approvals. The property has a 1.0–2.0 FAR and maximum height of 3 stories. Multifamily and vertical mixed-use development may be considered subject to applicable requirements. RTDO standards provide no minimum off-street parking requirement for the residential component of a qualifying development. B-1 zoning provides opportunities for retail, restaurant, office, professional/medical and other permitted uses. The property may also potentially qualify under Florida’s Live Local Act, subject to statutory requirements and City review. Existing improvements provide potential for continued use/income while evaluating future redevelopment. Excellent visibility and access along Campbell Drive, surrounded by expanding residential and commercial development with convenient access to US-1 and Florida’s Turnpike. All development potential is subject to governmental approvals and buyer due diligence