29345 152Nd AveHomestead, FL 33033

Property Details for 29345 152Nd Ave

Year built

1954

Construction

CONCRETE

Lot size

0.53 AC

Property size (Sq ft)

6,279 SF

Zone code

6200:COMMERCIAL,ARTERIAL

Property type

Retail properties

Property subtype

Outlet malls

APN

30-7904-005-3330

APU

3079040053330

Description

This exceptional retail property, located at 29345 SW 152nd Ave in Homestead, Florida, presents a unique leasing opportunity. The property, encompassing a total of 17,061 square feet, currently has 2,000 square feet of vacant space available for lease. Situated in Miami-Dade County, zip code 33033, this single-tenant retail space benefits from its prime location within a rapidly growing area of Homestead. The property is undergoing significant renovations under new ownership, representing a substantial capital expenditure investment. These improvements encompass a complete exterior façade upgrade, roof replacement, enhanced lighting, installation of uniform signage, and a comprehensive parking lot refurbishment. This revitalization effort ensures a modern and attractive retail space, ready for immediate occupancy. The property's size and location make it ideal for a variety of retail businesses seeking to establish or expand their presence in this thriving market. The 2,000 square feet of vacant space offers flexibility for customization to meet specific tenant needs. This is a rare opportunity to secure a well-located, newly renovated retail space in a dynamic and expanding area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,713,160

  6.5%

  $6,196,764

  7%

  $5,754,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,202,318

  Geo Method

  $5,202,318

• Alternative Use

  Use

  Valuation

  Residential

  $5,227,202

  Hospitality

  $4,788,088

  Educational

  $3,983,634

  Medical

  $4,120,637

  Retail

  $6,196,764

Location Insight

City

Homestead

County

Miami-dade

State

Florida

Latitude

25.4944

Longitude

-80.4363

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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