28000 Kingman RdHomestead, FL 33033

Property Details for 28000 Kingman Rd

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 1.52-acre (66,924 sq ft) land parcel in Homestead, Florida (33033), presents a prime multifamily development opportunity. Located at 28000 Kingman Road, this property boasts LCCUC zoning, permitting the construction of up to 191 multifamily units in a building of up to eight stories, with a projected total rentable area of at least 208,219 square feet. A massing study is available for review, though independent verification is recommended. The site enjoys high visibility and accessibility from US-1, benefiting from convenient access to public transportation and the Florida Turnpike. Multiple Miami-Dade transit routes serve the area. Situated in a vibrant middle-class residential neighborhood, this location is experiencing a surge in market-rate and workforce housing demand, with comparable nearby properties achieving rents of $2.88 per square foot. This is a rare chance to capitalize on the burgeoning growth in Naranja, a previously overlooked area now experiencing significant revitalization. The property's zoning makes it particularly attractive within this submarket.

Location Insight

City

Homestead

County

Miami-Dade

State

Florida

Latitude

25.5064

Longitude

-80.4374

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