29500 Old Dixie Hwy Homestead, FL 33033
- Office buildings
- 2,770 SF
- 0.48 lot acres
Current Use by Public Records
- Office buildings
Property Details for 29500 Old Dixie Hwy
- Year built
- 1952
- Construction
- CONCRETE
- Lot size
- 0.48 lot acres
- Property size
- 2,770 SF
- Zone code
- INTERIM-AWAIT SPECIFIC
- Property type
- Office buildings
- APN
- 30-7905-006-0010
- APU
- 3079050060010
Description
This exceptional 5.2-acre commercial land parcel, located at 29500 Old Dixie Highway in Homestead, Florida (33033), presents a remarkable development opportunity. The property consists of three contiguous parcels with prominent frontage on Old Dixie Highway and US1, offering unparalleled visibility and accessibility. Zoned RTZ, this site allows for a diverse range of uses, including mixed-use development with a maximum floor-area ratio (FAR) of 2.0 and a residential density of up to 60 units per acre. Permitted uses also encompass schools (K-12), hospitality, general retail, urgent care facilities, and religious institutions. Its strategic location directly across from the SW 296th Street Bus Rapid Transit (BRT) Station provides convenient access to public transportation. The property's proximity to the Rapid Transit Zone (within a quarter-mile) ensures compliance with the Comprehensive Development Master Plan's (CDMP) Community Urban Center policies. This prime South Dade location, within the rapidly growing Naranja and Homestead area, offers significant potential for substantial returns. The asking price is $6,950,000. Parcel numbers are 30-7905-000-0291, 30-7905-000-0221, and 30-7905-006-0010. Ownership is held by a corporation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,040,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $845,000
- 6.5%
- $830,000
- 7%
- $780,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $640,000
- Geo Method
- $785,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $710,000
- Retail
- $660,000
- Mixed-Use
- $715,000
- Hospitality
- $725,000
- Educational
- $835,000
- Residential Income
- $705,000
- Energy
- $645,000
- Income-Based Land
- $860,000
- Food Service
- $825,000
Location Insight
- Map
- Local Demand
- City
- Homestead
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.4544
- Latitude
- 25.4932
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA