31875 197Th AveHomestead, FL 33030

Property Details for 31875 197Th Ave

Year built

1973

Construction

CONCRETE

Lot size

1.04 AC

Property size (Sq ft)

2,648 SF

Zone code

9000:AGRICULTURE

Property type

Retail properties

Property subtype

Other retail properties

APN

30-7814-000-0530

APU

3078140000530

Description

Exceptional opportunity to acquire a well-established, profitable container nursery located at 31875 SW 197th Ave, Homestead, Florida, 33030, in Miami-Dade County. Priced at $1,600,000, this special purpose property boasts a strong client base extending from Palm Beach County to Key West, specializing in native plants including mangroves, edible plants, butterfly garden selections, unusual flowering and fruiting trees, shrubs, and aquatics. The sale includes the established business name, existing inventory, and all equipment. The property features a fully equipped office with kitchen and bath, ample parking, storage buildings, a water feature, misting system, and shade houses. Seller financing is available to facilitate a smooth transition. The property is located within the Urban Development Boundary (UDB) and benefits from agricultural exempt taxes for 315 years. The significant land value presents additional development potential, making this a compelling investment both now and in the future. The current owner is retiring and will assist with the transition after closing.

• CAP approach

  CAP return

  Valuation

  6%

  $2,829,746

  6.5%

  $2,612,074

  7%

  $2,425,497

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,193,006

  Geo Method

  $2,193,006

• Alternative Use

  Use

  Valuation

  Residential

  $2,203,382

  Hospitality

  $2,018,286

  Educational

  $1,679,190

  Medical

  $1,736,940

  Retail

  $2,612,074

Location Insight

City

Homestead

County

Miami-dade

State

Florida

Latitude

25.4708

Longitude

-80.5092

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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