14281 Henderson St Homestead, FL 33032
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.