512 6Th AveHomestead, FL 33030

Property Details for 512 6Th Ave

Year built

1983

Construction

CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

750 SF

Zone code

1900:RESID,PLANNED UNIT

Property type

Retail properties

Property subtype

Outlet malls

APN

10-7813-036-0920

APU

1078130360920

Description

This 750-square-foot convenience store, located at 512 SW 6th Ave, Homestead, FL 33030, presents a compelling investment opportunity. Built in 1983, this single-story building is currently operating as a convenience store and also houses a barbershop. The property boasts all necessary licenses and permits, ensuring a smooth transition for the new owner. Situated in Miami-Dade County, this prime location offers excellent visibility and accessibility for customers. The asking price is $325,000. This turnkey operation provides immediate income potential, making it an attractive proposition for investors seeking a stable and established business. The property's existing tenant base and established clientele provide a solid foundation for continued success. The 750 square feet of space offers ample room for retail operations and potential expansion. This is a rare opportunity to acquire a profitable, established business in a high-traffic area of Homestead, Florida. The property's single-story design simplifies operations and maintenance. Serious inquiries are encouraged to explore this exceptional investment opportunity further. All information provided is deemed reliable but not guaranteed and should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $802,451

  6.5%

  $740,724

  7%

  $687,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,804

  Geo Method

  $621,804

• Alternative Use

  Use

  Valuation

  Residential

  $624,829

  Hospitality

  $572,340

  Educational

  $476,180

  Medical

  $492,557

  Retail

  $740,724

Location Insight

City

Homestead

County

Miami-dade

State

Florida

Latitude

25.4649

Longitude

-80.4856

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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