248XX 227Th Ave Homestead, FL 33031
This exceptional 2.5-acre property, situated in Homestead, Florida (Miami-Dade County, zip code 33031), presents a unique opportunity for various ventures. Located off SW 248th Street and SW 227th Avenue, this cleared lot boasts a desirable northern exposure and is already fenced, simplifying development. The property is ideally suited for those seeking to build a custom home in a family-friendly and farming-friendly neighborhood. Alternatively, its size and location make it perfect for establishing a small nursery or utilizing it as farmland. The seller has already obtained a buildable letter from Miami-Dade County, streamlining the construction process and eliminating potential delays. Adding to its appeal, owner financing is available, making this attractive property even more accessible. The precise address is 248XX SW 227th Avenue, Homestead, FL 33031, with GPS coordinates of 25.5353213 latitude and -80.5588805 longitude. This is a rare opportunity to acquire a sizable, ready-to-develop parcel in a desirable location, priced at $520,000.
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
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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.