305 6Th Ave Florida City, FL 33034

Property Details for 305 6Th Ave

Lot size

1.65 lot acres

Property type

Commercial real estate

Description

This exceptional 1.65-acre (71,874 sq ft) parcel in Homestead, Florida, presents a remarkable investment opportunity. Located at 305 SW 6th Ave, in the Southwest Neighborhood, west of downtown, this mixed-use zoned property boasts a pre-approved site plan for a 54,151 sq ft building encompassing 24 residential units and 16,561 sq ft of retail space. The approved plan, finalized June 9, 2021, envisions two three-story buildings with ground-floor retail and upper-floor residential units. Four distinct floor plans are available, ranging from 1,330 to 1,480 sq ft, offering either three or four bedrooms and two bathrooms. Further development potential exists, with the possibility of securing approvals for a significantly larger project featuring 78 residential units (36 one-bedroom and 42 two-bedroom) and approximately 4,800 sq ft of retail space. This larger project would be a three-story building with surface parking and could take up to 12 months to obtain necessary approvals. The property benefits from Homestead's growth, offering a small-town atmosphere with convenient access to big-city amenities. This location is attractive to families and retirees seeking an affordable suburban lifestyle and a lower cost of living. The area's cultural diversity, particularly its large Hispanic population, creates a vibrant and welcoming community. The surrounding farmland provides access to fresh, locally sourced produce. The asking price for this prime development land is $2,300,000. This is a rare opportunity to capitalize on the burgeoning Homestead market. The property's location within Miami-Dade County, zip code 33034, ensures easy access to major transportation routes and regional attractions.