Current Use by Public Records
- Land
Property Details for 280 St Krome Ave
- Lot size
- 6.56 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional property offers a unique investment opportunity in Homestead, Florida. Located on Krome Avenue at SW 280th Street, this expansive land parcel comprises two tracts totaling 15.4+ acres, with individual parcels measuring 6.56 acres and 8.84 acres. Currently zoned AU (Agriculture) and EU-1 (Estates 1 acre), the land is ideal for a variety of uses, including continued agricultural operations or potential redevelopment. The property boasts a prime location, directly fronting Krome Avenue, and benefits from existing well water. Currently utilized for farming and crop production, the property presents significant upside potential for rental increases or future development. A one-year lease is available, expiring May 1, 2025, with a pro-forma NOI of $181,122. The lease rate is currently $0.27 per square foot, totaling 670,606 square feet. The land value ranges from $133,116 to $350,000 per acre, depending on the parcel size. The property's strategic location near numerous housing developments featuring homes valued over $600,000 further enhances its investment appeal. Parcel numbers are 30-6836-000-0550 & 30-6836-000-0551. Lease terms are negotiable.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.4777
- Latitude
- 25.5067
