Homestead, FL 33030

Property Details

Year built

1975

Lot size

0.20 AC

Property size (Sq ft)

2,632 SF

Property type

Other industrial properties

Property subtype

Industrial properties

Description

This exceptional 2,632 square foot industrial property in Homestead, Florida, presents a lucrative investment opportunity or owner-user scenario. Located directly on Mowry Drive, this commercial space is ideally suited for automotive or marine businesses. The property includes a month-to-month tenant with a 15+ year history, providing immediate income potential. The current rental income is below market value, offering significant upside for increased profitability. High demand for auto body shops and dealerships in this area further enhances the property's value. Included in the sale is an adjacent 7,102 square foot lot (Folio: 10-7813-024-1870), perfect for storage or expansion. The main property is located at 1 NW 7 Avenue, Homestead, FL 33033. This 0.2-acre lot offers a strategic location just one mile from downtown Homestead. The existing tenant's month-to-month lease provides flexibility for future plans, whether continuing the current arrangement or implementing a new strategy. The property's strong location and high demand for this type of space make it an attractive investment with significant potential for rental income growth. The sale price is $700,000. A second folio number is associated with the property.

Location Insight

City

Homestead

County

Miami-Dade

State

Florida

Latitude

25.47

Longitude

-80.4712

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