317 Krome Ave Homestead, FL 33030-6057
This exceptional mixed-use property in Downtown Homestead, Florida, offers 6,228 square feet across two parcels totaling 9,160 square feet. Located on N Krome Ave, it benefits from high visibility and accessibility, attracting both pedestrian and vehicular traffic. The property's Class C designation reflects its potential for renovation and value enhancement. Its strategic location places it within easy reach of key amenities, including Losnor Park, the Seminole Theatre, Homestead Police Headquarters, Homestead Town Hall, and the new Homestead Station Shopping Mall, which features major retailers, dining, and entertainment options such as ShowBiz Cinemas, a bowling alley, and a cybrarium, along with a seven-level public parking garage. The property is also conveniently situated just 1.5 miles from US-1 and the Florida Turnpike on and off-ramps, ensuring excellent connectivity. On-street parking and parking behind the units are available. The asking price is $1,850,000, translating to $297.05 per square foot. The 0.31-acre lot (APN: 10-7918-006-0200, 10-7918-006-0210) presents a compelling investment opportunity in a rapidly developing area. The property's mixed-use zoning allows for a variety of commercial and potentially residential uses, making it an attractive prospect for both investors and entrepreneurs seeking a foothold in this thriving downtown district.
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Stephen R Shelley PLLC Law Firm
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Homestead Research Mental Health Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6300:COMMERCIAL,RESTRICT · Homestead, FLHomestead. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.