941 Krome AveHomestead, FL 33030

Property Details for 941 Krome Ave

Year built

1952

Construction

CONCRETE

Lot size

0.37 AC

Property size (Sq ft)

6,301 SF

Zone code

6300:COMMERCIAL,RESTRICT

Property type

Office properties

Property subtype

Office buildings

APN

10-7907-030-0300

APU

1079070300300

Description

This exceptional commercial property presents a unique investment opportunity in the thriving downtown Homestead area. Located at 941 N Krome Ave, this building boasts a substantial 6,301 square feet of climate-controlled space, ideal for a variety of business ventures. The property sits on a generous 0.55-acre lot, offering ample room for expansion, parking, or outdoor amenities. The versatile layout is well-suited for a single large tenant or multiple smaller businesses seeking office space, professional services locations, or a combination thereof. The building's size and location within the desirable downtown Homestead district make it an attractive prospect for businesses seeking high visibility and convenient access to local amenities and transportation routes. The property's Folio number is 10-7907-030-0301. This is a rare chance to acquire a significant commercial asset in a rapidly growing market. The asking price is $2,500,000. Serious inquiries are encouraged. This property offers a strong return on investment potential for discerning buyers. The expansive space and prime location combine to create a compelling opportunity for long-term growth and profitability. Don't miss this chance to secure a valuable piece of Homestead's commercial real estate landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $4,581,395

  6.5%

  $4,228,980

  7%

  $3,926,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,071,088

  Geo Method

  $2,071,088

• Alternative Use

  Use

  Valuation

  Residential

  $5,243,935

  Hospitality

  $4,803,416

  Educational

  $3,996,386

  Medical

  $4,133,828

  Retail

  $6,216,600

Location Insight

City

Homestead

County

Miami-dade

State

Florida

Latitude

25.4788

Longitude

-80.477

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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