1850 8Th StHomestead, FL 33033

Property Details for 1850 8Th St

Year built

2007

Construction

CONCRETE

Lot size

14.71 AC

Property size (Sq ft)

177,485 SF

Zone code

6300:COMMERCIAL,RESTRICT

Property type

Retail properties

Property subtype

Outlet malls

APN

10-7917-025-0010

APU

1079170250010

Description

This exceptional 0.38-acre commercial land parcel presents a unique investment opportunity in the thriving Homestead, Florida market. Situated on NE 8th Street in Miami-Dade County, the property boasts high visibility due to its location on Campbell Drive, a primary east-west thoroughfare. This strategic positioning ensures significant exposure to a substantial daily traffic volume. The site is ideally surrounded by established residential communities, providing a ready-made customer base for any commercial venture. Furthermore, the property benefits from its proximity to key traffic generators, including a Lowe's home improvement store, the Homestead Pavilion shopping center, and numerous other national retailers. This ensures consistent foot traffic and strong consumer presence in the immediate vicinity. Ample parking is available, adding to the convenience and appeal of the site. The property's zoning and permitted uses should be independently verified. This is an exceptional opportunity for developers and investors seeking a high-visibility location in a rapidly growing area. The 33033 zip code offers excellent access to major transportation routes, further enhancing the property's strategic value. This parcel is offered for sale and presents a compelling investment prospect for those seeking a prime commercial location in Homestead, Florida.

• CAP approach

  CAP return

  Valuation

  6%

  $189,977,584

  6.5%

  $175,363,920

  7%

  $162,837,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $147,203,232

  Geo Method

  $147,203,232

• Alternative Use

  Use

  Valuation

  Residential

  $147,926,032

  Hospitality

  $135,499,440

  Educational

  $112,733,952

  Medical

  $116,611,040

  Retail

  $175,363,920

Location Insight

City

Homestead

County

Miami-dade

State

Florida

Latitude

25.476

Longitude

-80.4511

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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