0 8Th St, Homestead, FL 33034
This exceptional 3.83-acre retail assemblage in Homestead, Florida, presents a significant development opportunity. The property comprises three parcels strategically located in a high-traffic commercial hub. Lot 1, a 2-acre (87,120 square feet) parcel, sits at a signalized intersection on SW 8th St/Lucy St, offering unparalleled visibility. Lot 2, a 0.90-acre (39,204 square feet) parcel, boasts prime frontage on US-1, directly across from CubeSmart Self Storage and surrounded by established retailers such as Harbor Freight, The Waffle House, and Texas Roadhouse. Lot 3, a 0.93-acre (40,669 square feet) parcel situated on SE 6th St, provides flexibility for either standalone development or integration with Lots 1 and 2 for a larger-scale project. The assemblage's location near Downtown Historic Homestead ensures convenient access to major highways, including US-1 and the Florida Turnpike Extension, providing easy access to the Florida Keys and a large consumer base. The area's strong retail presence, including nearby Publix, Target, and Home Depot, guarantees consistent consumer traffic. This property is ideal for developers seeking high-exposure retail development in one of Homestead's most dynamic commercial corridors. The asking price is $10,000,000
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
No recorded transactions found for this property.
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Risks
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