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27525 S Dixie Hwy, Homestead FL 33032

Commercial Sale

27525 Dixie Hwy

Homestead, FL 33032

ML#:A11328050
List Price:$4,500,000
Status:Closed
Days on Market:74
Listing Brkr:Real Capital Partners LLC
Subdivision:
Bedrooms:0
Baths:0
SqFt (Liv):
Lot Size:104993 sqft
Year Built:1988
Stories:1

General Information

Type Property:Commercial Sale
Style:Retail
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:33032
Subdivision:
Latitude:25.510691
Longitude:-80.434679

Additional Features

Construction:Concrete Block Construction
Waterfront:No
Security:Smoke Alarm

Financial Information

Annual Taxes:$43,517
Original Price:$7,250,000
Days on Market:74

Remarks

This property presents an opportunity for a covered land play and redevelopment. The US-1/S. Dixie corridor has seen extensive multifamily development with no slowdown in sight. The parcel is located in the Core Sub-District of the Leisure City Community Urban Center and is designated as "MC-Mixed Use Corridor." Under the MC designation, the property may be developed with up to ninety (90) units per acre. Height would be limited to a minimum of 2 stories and a maximum of 6 stories by right. Enclosed the massing study prepared calls for 6 floors with 2 decks of parking. This design allows for 186 units with a very efficient and cost-effective layout.

Listing Agent

Otto Travieso

Real Capital Partners LLC

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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