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    14281 Henderson St Homestead, FL 33032

    For Sale
    $1,590,000

    Prime Vacant Lot, 38-Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.1-acre vacant lot in Homestead, Florida, presents a compelling development opportunity. Located at 14281 Henderson St, 33032, this property boasts a prime location near US-1, a major thoroughfare, ensuring high visibility and accessibility. The current zoning, UC-RM 3161-UC Center Residential Modified (RM), allows for the construction of up to 38 apartment units, making it ideal for multi-family development. The property has already received ASPR approval, streamlining the development process. Construction plans are currently under review and are anticipated to be finalized in Q3 2024. The area is experiencing significant growth and construction activity, indicating a strong and burgeoning market. This presents a unique chance to capitalize on the Homestead real estate boom and create a substantial return on investment. The asking price for this exceptional development site is $1,590,000. Given the zoning, approvals in place, and the current market conditions, this property represents a rare and highly attractive investment opportunity. The property's coordinates are 25.523525 latitude and -80.421943 longitude. Serious inquiries are encouraged.

    Property Features for 14281 Henderson St

    General Information

    Property type
    Specialty properties

    HighLights

    • 1.1‑acre vacant lot in Homestead, FL, ideal for multi‑family development.
    • Prime location near US‑1 with high visibility and accessibility.
    • Zoned UC‑RM, allowing up to 38 apartment units; ASPR approved.
    • Construction plans under review, anticipated completion Q3 2024.
    • Asking price: $1,590,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.421943
    Latitude
    25.523525

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    FAQs

    What type of property is this?
    Specialty property - Prime Vacant Lot, 38-Unit Potential
    Where is this specialty property located?
    The property is located at 14281 Henderson St Homestead, FL.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: 1.1-acre vacant lot in Homestead, FL, ideal for multi-family development.; Prime location near US-1 with high visibility and accessibility.; Zoned UC-RM, allowing up to 38 apartment units; ASPR approved.
    Request Owner's contact information
    14281 Henderson St Homestead, FL 33032
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    Homestead, FL 33032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14281 Henderson St Homestead, FL 33032
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