Homestead, FL 33030
- Industrial properties
- 2,632 SF
- 0.20 lot acres
Current Use by Public Records
- Industrial properties
Property Details
- Year built
- 1975
- Lot size
- 0.20 lot acres
- Property size
- 2,632 SF
- Property type
- Industrial properties
Description
This exceptional 2,632 square foot industrial property in Homestead, Florida, presents a lucrative investment opportunity or owner-user scenario. Located directly on Mowry Drive, this commercial space is ideally suited for automotive or marine businesses. The property includes a month-to-month tenant with a 15+ year history, providing immediate income potential. The current rental income is below market value, offering significant upside for increased profitability. High demand for auto body shops and dealerships in this area further enhances the property's value. Included in the sale is an adjacent 7,102 square foot lot (Folio: 10-7813-024-1870), perfect for storage or expansion. The main property is located at 1 NW 7 Avenue, Homestead, FL 33033. This 0.2-acre lot offers a strategic location just one mile from downtown Homestead. The existing tenant's month-to-month lease provides flexibility for future plans, whether continuing the current arrangement or implementing a new strategy. The property's strong location and high demand for this type of space make it an attractive investment with significant potential for rental income growth. The sale price is $700,000. A second folio number is associated with the property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Homestead
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.4712
- Latitude
- 25.47
