Palm Drive Redevelopment
For Sale
Contact for pricing
401 W Palm Dr, Homestead, FL 33034
Commercial property with six units, ideal for redevelopment.
Property Size2,569 SF
Lot Size0.60 Acres
Price / SF$739.59
Days on Market807
Property Features for 401 W Palm Dr
General Information
Standard status
Active
Size
2,569 SF
Class
C
Total Parking Spaces
16
Lot size
0.60 Acres
Property subtype
Retail
Zoning
C-1
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$52,540
Building Details
Year Built
1949
Year Renovated
2015
Buildings
1
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Premier Properties
(786) 953-2173
Listed By:
Jorge Ruiz · License #3220355
Source:
Crexi
Added: Jun 11, 2024
Changed: Aug 16
Last Checked: Aug 26 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Properties
Investment Insights
Based on property information with market context.
Located at 401 W Palm Drive, Florida City, FL 33034, this property presents a redevelopment opportunity. The single-story building, constructed in 1949 and updated in 2020 with a two-year-old roof, contains 2,569 square feet. It features six revamped commercial office/retail units. Situated on the south side of Palm Drive, the property is across the street from the Florida City Hall. The corner lot measures 175’ x 150’ with a total lot size of 26,250 square feet and is zoned C-1.
Key Highlights
- Prime redevelopment opportunity on Palm Drive.
- Large corner lot: 26,250 SF (175’ x 150’) with C‑1 zoning.
- Located across the street from Florida City Hall.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial property with six units, ideal for redevelopment.
Where is this retail space located?
The property is located at 401 W Palm Dr Homestead, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Prime redevelopment opportunity on Palm Drive.; Large corner lot: **26,250 SF (175’ x 150’) with C‑1 zoning.**; Located across the street from Florida City Hall.
