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280 St Krome Ave Princeton, FL 33032

Prime Krome Ave acreage, lease or buy.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional property offers a unique investment opportunity in Homestead, Florida. Located on Krome Avenue at SW 280th Street, this expansive land parcel comprises two tracts totaling 15.4+ acres, with individual parcels measuring 6.56 acres and 8.84 acres. Currently zoned AU (Agriculture) and EU-1 (Estates 1 acre), the land is ideal for a variety of uses, including continued agricultural operations or potential redevelopment. The property boasts a prime location, directly fronting Krome Avenue, and benefits from existing well water. Currently utilized for farming and crop production, the property presents significant upside potential for rental increases or future development. A one-year lease is available, expiring May 1, 2025, with a pro-forma NOI of $181,122. The lease rate is currently $0.27 per square foot, totaling 670,606 square feet. The land value ranges from $133,116 to $350,000 per acre, depending on the parcel size. The property's strategic location near numerous housing developments featuring homes valued over $600,000 further enhances its investment appeal. Parcel numbers are 30-6836-000-0550 & 30-6836-000-0551. Lease terms are negotiable.

Highlights

  • Prime Krome Ave location in Homestead, Florida (Redlands).
  • Two large tracts totaling 15.4+ acres available for sale or lease; individual parcels are 6.56 and 8.84 acres.
  • Lease rate: $0.27/SF; significant redevelopment or rental increase potential.
  • Zoned AU (Agriculture) & EU-1 (Estates 1-acre); currently used for farming.
  • APN: 30-6836-000-0550 & 30-6836-000-0551; Price/acre: $133,116 - $350,000.

Property Details for 280 St Krome Ave

Property type
Land, Farms
Lot Size (sq. ft)
285,754 SF

Location Insight

City
Princeton
County
Miami-Dade
State
Florida
Latitude
25.506683700535
Longitude
-80.477723206656

FAQs

What type of property is this?
Land - Prime Krome Ave acreage, lease or buy.
Where is the land located?
The property is located at 280 St Krome Ave Princeton, FL.
What are key features of this property?
This property features: Prime Krome Ave location in Homestead, Florida (Redlands).; Two large tracts totaling 15.4+ acres available for sale or lease; individual parcels are 6.56 and 8.84 acres.; Lease rate: $0.27/SF; significant redevelopment or rental increase potential.
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280 St Krome Ave
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