0 328Th St Homestead, FL 33030
This exceptional investment opportunity presents two one-acre commercial outparcels totaling two acres in Homestead, Florida, ideally situated near major big-box retailers including BJ's Wholesale, Walmart Supercenter, Home Depot, and Dollar Tree. Located at SE 8th Ave & SW 328th Street (APN: 10-7919-001-0021), this B-1 zoned property boasts over 448.38 feet of frontage along Florida's Turnpike, experiencing a high daily traffic count exceeding 47,800 vehicles. The property benefits from convenient ingress and egress, with proximity to the rear entrance of Walmart and seamless connection to the BJ's Center parking lot. A planned on/off ramp connecting SW 328th St to the Turnpike promises enhanced future visibility and accessibility. The location is strategically positioned a few blocks east of the major retail intersection of US-1/S Homestead Blvd and SW 328th St, placing it at the heart of a thriving commercial hub surrounded by numerous national retail and hospitality businesses. The asking price is $6,000,000 ($3,000,000 per acre), with a $15,000 per month NNN ground lease option available per acre. Adding to the appeal, an adjacent 2.35-acre lot recently received rezoning and site plan approval for a 135,250 sq ft self-storage facility. This presents a unique opportunity for investors or businesses seeking to capitalize on Homestead's robust commercial growth.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.