30318 Old Dixie HwyHomestead, FL 33033

Property Details for 30318 Old Dixie Hwy

Year built

1985

Construction

CONCRETE

Lot size

13.74 AC

Property size (Sq ft)

114,525 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Community centers

APN

30-7907-016-0170

APU

3079070160170

Description

This exceptional commercial property, located at 30318 Old Dixie Hwy #B in Homestead, Florida, presents a significant opportunity for retail businesses. The property encompasses nearly three acres of vacant land zoned BU-2 Business District, allowing for a diverse range of commercial uses. This includes, but is not limited to, shopping centers, office parks, gas stations, and various retail and service businesses. The zoning regulations offer considerable flexibility, with no maximum building height restriction and a generous 40% maximum lot coverage. The floor area ratio is favorable for most retail or office developments, providing ample space for ambitious projects. The single-tenant retail space currently totals 114,525 square feet, offering substantial room for expansion or redevelopment. The property's APN is 30-79-07-016-0170 and its zoning code is 6400. This prime location in Homestead provides excellent visibility and accessibility, making it an ideal site for businesses seeking to establish a strong presence in a thriving community. The expansive acreage and flexible zoning regulations offer unparalleled potential for a wide variety of commercial ventures. This is a rare opportunity to acquire a large, versatile property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $122,383,656

  6.5%

  $112,969,528

  7%

  $104,900,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $94,845,448

  Geo Method

  $94,845,448

• Alternative Use

  Use

  Valuation

  Residential

  $95,294,024

  Hospitality

  $87,288,816

  Educational

  $72,623,272

  Medical

  $75,120,896

  Retail

  $112,969,528

Location Insight

City

Homestead

County

Miami-dade

State

Florida

Latitude

25.486

Longitude

-80.4631

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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