317 Krome Ave, Homestead, FL 33030-6057
- Retail residential properties
- 2,932 SF
- 0.14 lot acres
Current Use by Public Records
- Stephen R Shelley PLLC / Law Firm
- Homestead Research Mental Health / Medical Clinic
Property Details for 317 Krome Ave
- Year built
- 1939
- Construction
- CONCRETE
- Lot size
- 0.14 lot acres
- Zone code
- 6300:COMMERCIAL,RESTRICT
- Property type
- Retail residential properties
- APN
- 10-7918-006-0210
- APU
- 1079180060210
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 27, 2023 | — | 313 N Krome LLC | 317 N Krome LLC LLC | Quit Claim Deed · related | — |
| Apr 3, 2023 | — | 317 N Krome LLC | Jeh JR Holdings LLC | Quit Claim Deed · related | — |
| Jan 12, 2018 | — | Jeh JR Holdings LLC | — | Deed · related | — |
| Nov 30, 2009 | $615,000 | Jeh JR Holdings LLC | Michael J Marcus | Warranty Deed | $492k · 1st National Bank Of South Florida |
| Nov 17, 1998 | — | Rodney M Cuevas | Cepero,anastacio J | Trustees Deed · related | — |
| — | — | Jeh JR Holdings LLC | — | Deed Of Trust · related | $300k · Community Bk/fl |
| — | — | Michael J Marcus | — | Deed Of Trust · related | $400k · Community Bank Of Florida |
| — | — | Michael J Marcus | — | Deed Of Trust · related | $145k · Community Bank Of Florida |
| — | — | Jeh JR Holdings LLC | — | Loan Modification · related | — |
Description
This exceptional mixed-use property in Downtown Homestead, Florida, offers 6,228 square feet across two parcels totaling 9,160 square feet. Located on N Krome Ave, it benefits from high visibility and accessibility, attracting both pedestrian and vehicular traffic. The property's Class C designation reflects its potential for renovation and value enhancement. Its strategic location places it within easy reach of key amenities, including Losnor Park, the Seminole Theatre, Homestead Police Headquarters, Homestead Town Hall, and the new Homestead Station Shopping Mall, which features major retailers, dining, and entertainment options such as ShowBiz Cinemas, a bowling alley, and a cybrarium, along with a seven-level public parking garage. The property is also conveniently situated just 1.5 miles from US-1 and the Florida Turnpike on and off-ramps, ensuring excellent connectivity. On-street parking and parking behind the units are available. The asking price is $1,850,000, translating to $297.05 per square foot. The 0.31-acre lot (APN: 10-7918-006-0200, 10-7918-006-0210) presents a compelling investment opportunity in a rapidly developing area. The property's mixed-use zoning allows for a variety of commercial and potentially residential uses, making it an attractive prospect for both investors and entrepreneurs seeking a foothold in this thriving downtown district.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $475,000
- ML approach
- $515,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $845,000
- 6.5%
- $780,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $733,000
Market price range: $344k - $1.56M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $980,000 Current use
- OFFICE BUILDING
- $910,000 Change: -7% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $840,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Homestead
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.4771
- Latitude
- 25.473
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
