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    29500 Old Dixie Hwy Homestead, FL 33033

    Sponsored
    For Sale
    $6,950,000

    5.2-Acre Prime Miami-Dade Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.2-acre commercial land parcel, located at 29500 Old Dixie Highway in Homestead, Florida (33033), presents a remarkable development opportunity. The property consists of three contiguous parcels with prominent frontage on Old Dixie Highway and US1, offering unparalleled visibility and accessibility. Zoned RTZ, this site allows for a diverse range of uses, including mixed-use development with a maximum floor-area ratio (FAR) of 2.0 and a residential density of up to 60 units per acre. Permitted uses also encompass schools (K-12), hospitality, general retail, urgent care facilities, and religious institutions. Its strategic location directly across from the SW 296th Street Bus Rapid Transit (BRT) Station provides convenient access to public transportation. The property's proximity to the Rapid Transit Zone (within a quarter-mile) ensures compliance with the Comprehensive Development Master Plan's (CDMP) Community Urban Center policies. This prime South Dade location, within the rapidly growing Naranja and Homestead area, offers significant potential for substantial returns. The asking price is $6,950,000. Parcel numbers are 30-7905-000-0291, 30-7905-000-0221, and 30-7905-006-0010. Ownership is held by a corporation.

    Property Features for 29500 Old Dixie Hwy

    General Information

    Property type
    Land
    Lot Size
    226,512 SF

    HighLights

    • 5.2‑acre commercial land parcel in Homestead, FL (33033), located at 29500 Old Dixie Highway.
    • Three contiguous parcels with high visibility frontage on Old Dixie Highway and US1.
    • RTZ zoning allows mixed‑use development, up to 60 units per acre, 2.0 FAR. Permitted uses include schools, hospitality, retail, urgent care, and religious institutions.
    • Prime location across from SW 296th Street BRT station, within a quarter‑mile of the Rapid Transit Zone, complying with CDMP.
    • Asking price: $6,950,000. Parcel numbers: 30‑7905‑000‑0291, 30‑7905‑000‑0221, and 30‑7905‑006‑0010. Corporate ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Homestead
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.4543594
    Latitude
    25.4932014

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    FAQs

    What type of property is this?
    Land - 5.2-Acre Prime Miami-Dade Site
    Where is this land located?
    The property is located at 29500 Old Dixie Hwy Homestead, FL.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: 5.2-acre commercial land parcel in Homestead, FL (33033), located at 29500 Old Dixie Highway.; Three contiguous parcels with high visibility frontage on Old Dixie Highway and US1.; RTZ zoning allows mixed-use development, up to 60 units per acre, 2.0 FAR. Permitted uses include schools, hospitality, retail, urgent care, and religious institutions.
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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
    29500 Old Dixie Hwy Homestead, FL 33033
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