27359 Dixie HwyNaranja, FL 33032

Property Details for 27359 Dixie Hwy

Year built

1984

Construction

CONCRETE

Lot size

6.76 AC

Property size (Sq ft)

98,471 SF

Zone code

6072

Property type

Retail properties

Property subtype

Outlet malls

APN

30-6933-018-0060

APU

3069330180060

Description

This exceptional retail opportunity presents itself in the form of Naranja Lakes Shopping Center, a well-established center located at 27359 S Dixie Hwy in Homestead, Florida, within Miami-Dade County (zip code 33032). The property boasts a total building area of 90,445 square feet, offering a diverse range of retail spaces. Currently, one retail space is available, measuring 740 square feet, ideal for a variety of businesses seeking high visibility and foot traffic. The center's strategic location on S Dixie Hwy ensures excellent accessibility and exposure to a substantial customer base. The property is classified as a multi-tenant shopping center, indicating a vibrant and established retail environment. This presents a unique chance to establish or expand a business within a thriving commercial hub. The property's location in Homestead, Florida, offers access to a growing community and strong consumer demographics. The property's classification as a retail space within a shopping center suggests a built-in customer base and potential for synergistic business relationships. Further details regarding lease terms and conditions are available upon request. This is a prime opportunity for investors and businesses seeking a strategic foothold in a dynamic South Florida market. The property's size and location make it an attractive investment for those seeking a strong return on investment in a high-growth area. Serious inquiries are encouraged to explore this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $105,073,824

  6.5%

  $96,991,216

  7%

  $90,063,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $81,443,576

  Geo Method

  $81,443,576

• Alternative Use

  Use

  Valuation

  Residential

  $81,815,720

  Hospitality

  $74,942,760

  Educational

  $62,351,500

  Medical

  $64,495,864

  Retail

  $96,991,216

Location Insight

City

Homestead

County

Miami-dade

State

Florida

Latitude

25.5123

Longitude

-80.4315

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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