For Sale
$30,000,000

27455 Dixie HwyHomestead, FL 33032

High-growth Homestead, FL shopping center

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A retail shopping center, totaling 94,240 square feet, presents a compelling investment opportunity in Homestead, Florida's thriving South Miami-Dade County. Located at 27455 S Dixie Hwy, 33032, this single-story, 1983-built property underwent a complete renovation in 2023. The center boasts a strong mix of seven multi-tenant units, including a gym, medical center, and grocery store, demonstrating resilience against e-commerce trends. Its prime location along US-1/S Dixie Highway offers over 600 feet of frontage, benefiting from a daily traffic count exceeding 46,000 vehicles. The property sits on approximately 9 acres and includes 509 parking spaces, catering to the needs of its tenants and customers. With a Mixed Use Corridor (MC) zoning designation, the property offers flexibility for future development. The asking price is $30,000,000, translating to $318.34 per square foot. Its strategic location near major highways, including the Florida Turnpike, and proximity to established retailers like Walmart and Fresco Y Mas, further enhances its appeal. Surrounded by significant residential development projects undertaken by Lennar and DR Horton, this property is poised for long-term appreciation and consistent income generation. The property's Net Lease (NNN) structure provides a streamlined ownership experience. This is a rare opportunity to acquire a well-positioned, recently renovated retail center in a rapidly expanding market.

Highlights

  • Class A retail shopping center totaling 94,240 square feet in Homestead, FL's South Miami-Dade County.
  • Recently renovated with a new roof and façade.
  • 94,240 SF on ~9 acres with ample parking (509 spaces).
  • 600 feet of frontage on US-1, boasting over 46,000 AADT.
  • E-commerce resistant tenant mix including medical, grocery, and fitness.
  • Strategically located near Walmart and major residential developments.

Property Details for 27455 Dixie Hwy

Property type
Lifestyle centers, Power centers
Square Feet
94,240 SF
Class
A
Year Built/Renovated
1983/2023
Buildings
1
Stories
1
Units
7

Location Insight

City
Homestead
County
Miami-Dade
State
Florida
Latitude
25.5109437
Longitude
-80.4324782
27455 Dixie Hwy, Homestead, Florida

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27455 Dixie Hwy
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