1020 Homestead Blvd Homestead, FL 33030-5029
- Motels
- 27,050 SF
- 1.20 lot acres
Current Use by Public Records
- The Inn of Homestead / Inn
Property Details for 1020 Homestead Blvd
- Year built
- 1966
- Construction
- CONCRETE
- Lot size
- 1.20 lot acres
- Property size
- 27,050 SF
- Zone code
- 6300:COMMERCIAL,RESTRICT
- Property type
- Motels
- APN
- 10-7907-026-0072
- APU
- 1079070260072
Description
This exceptional commercial property, located at 1020 & 1090 N Homestead Blvd in Homestead, Florida, presents a rare opportunity for retail development or investment. The property boasts a substantial 2-acre lot size, providing ample space for a variety of retail uses. The zoning allows for single-tenant occupancy, making it ideal for a flagship store or a business requiring significant space. Situated in Miami-Dade County, this location benefits from excellent visibility and accessibility along N Homestead Blvd, ensuring high traffic volume and strong potential for customer engagement. The property's address is 1020 & 1090 N Homestead Blvd, Homestead, FL 33030. Its precise coordinates are latitude 25.4802746 and longitude -80.5271756. The property type is classified as retail, specifically street retail, offering significant potential for a wide range of businesses. The total building square footage is currently zero, presenting a blank canvas for new construction tailored to specific needs. This presents a unique opportunity to build a property to exact specifications, maximizing its potential and return on investment. The property's location in Homestead, Florida, offers a growing market with a strong local customer base and significant potential for future growth. This is a truly exceptional opportunity for a discerning investor or business owner seeking a prime retail location in a thriving South Florida community. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,840,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,625,000
- 6.5%
- $3,955,000
- 7%
- $3,930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,330,000
- Geo Method
- $3,660,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,670,000
- Retail
- $3,675,000
- Mixed-Use
- $4,150,000
- Hospitality
- $4,830,000
- Educational
- $4,205,000
- Residential Income
- $4,025,000
- Energy
- $4,500,000
- Income-Based Land
- $3,565,000
- Food Service
- $4,585,000
Location Insight
- Map
- Local Demand
- City
- Homestead
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.4645
- Latitude
- 25.4805
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
