0 Redland Rd & Davis Pkwy, Homestead, FL 33034
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.
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.