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Property profile

0 Redland Rd & Davis Pkwy Homestead, FL 33034

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 1.75-acre commercial land parcel presents a unique investment opportunity in Florida City, Florida. Located at the high-traffic intersection of Redland Road and Davis Parkway in Miami-Dade County, this C-2 zoned property boasts an impressive combined Average Daily Traffic (ADT) of 17,700 vehicles. The area is experiencing significant residential growth, with over 1,950 new homes currently under construction in the immediate vicinity. This strategic location will serve as a primary access point for the burgeoning residential community, ensuring unparalleled visibility and convenient customer access for any commercial development. The property is offered as a ground lease with a competitive annual rate of $7 per square foot, totaling $533,610 annually, and a 25-year lease term. Its prime location makes it ideally suited for a variety of commercial uses, including but not limited to: CVS, Walgreens, retail centers, fitness centers, medical centers, and urgent care facilities. The property's zip code is 33034, and its coordinates are 25.418422 latitude and -80.493251 longitude. This is a rare opportunity to capitalize on the explosive growth in this dynamic area. The property is situated at the address: REDLAND ROAD & DAVIS PKWY, Florida City, FL.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Redland Rd & Davis Pkwy Homestead, FL 33034
Homestead metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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