41 Krome AveFlorida City, FL 33034

  • Land
  • 1.24 AC
For Sale
$4,000,000 View listing

Property Details for 41 Krome Ave

Lot size
1.24 AC
Zone code
6000:COMMERCIAL,GENERAL
Property type
Land
Property subtype
Commercial land
APN
16-7919-011-0020
APU
1679190110020

Description

This exceptional $4,000,000 special purpose property at 41 N Krome Ave, Florida City, FL 33034 presents a unique investment opportunity. Situated on a highly visible corner lot at a busy intersection, this location is ideal for a variety of commercial uses, including retail, restaurants, or a financial institution. Its strategic position offers unparalleled access and visibility, being just one block from the US-1 and the Florida Turnpike, serving as a gateway to the Florida Keys. The property benefits from a strong surrounding commercial presence, including established national brands such as Walgreens, Starbucks, Cracker Barrel, Home2 Suites by Hilton, and Circle K. This ensures high foot traffic and a robust customer base. Furthermore, its proximity to Florida City's City Hall and Police Department provides a secure and stable environment. The area boasts numerous hotels and quick-service restaurants, including Ramada, Best Western, Burger King, KFC, Denny's, and Dunkin' Donuts, further enhancing its appeal and potential for success. This property offers a rare chance to establish a thriving business in a high-traffic, well-established commercial area. The location's accessibility and surrounding amenities make it an attractive proposition for investors seeking a strong return on investment in a rapidly growing region. The property's size and configuration are ideal for a variety of development options, making it a versatile and highly desirable commercial asset.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $45,204,860
    Hospitality
    $41,407,408
    Educational
    $34,450,480
    Medical
    $35,635,284
    Retail
    $53,589,632
41 Krome Ave, Florida City, Florida
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Location Insight

City
Homestead
County
Miami-dade
State
Florida
Latitude
25.4485
Longitude
-80.4768
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,778
$1,624,920
-
$1,624,920
-
$1,624,920
-
$1,624,920

FAQs

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