23801 SW 120Th Ave Homestead, FL 33032
- Commercial real estate
- 2.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 23801 SW 120Th Ave
- Lot size
- 2.50 lot acres
- Property type
- Commercial real estate
Description
This exceptional 2.5-acre property, located at 23801 SW 120 Ave, Homestead, FL 33032, presents a unique investment opportunity in one of South Miami-Dade County's fastest-growing areas. Currently zoned for agricultural use, the land offers significant potential for future development. Preliminary research suggests the possibility of rezoning to allow for low-density residential development, with the potential for 2.5 to 6 dwelling units per acre. This makes it an attractive prospect for developers seeking to capitalize on the area's burgeoning growth. The property boasts several key features that enhance its value and appeal. It is conveniently situated adjacent to a new Lennar development, indicating strong neighborhood growth and demand. Existing infrastructure includes readily available power, a functioning irrigation system, a well, and a pump system, significantly reducing the initial investment required for development. The property's size and location, combined with its existing infrastructure and potential for rezoning, make it an ideal investment for those seeking land with high development potential in a rapidly expanding market. The asking price for this remarkable property is $1,200,000. Serious inquiries are encouraged.
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
- -80.3854588
- Latitude
- 25.5459892
