705 SW 3rd Ave

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705 SW 3rd Ave

Homestead, FL 33030
Asking Price
$454K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel spans approximately 0.409 acres of space.
  • The site is positioned at 705 SW 3rd Ave in Homestead.
  • Asking price for the commercial land is set at 454000.
  • Property is located within the expanding Miami-Dade County suburban market.
  • Commercial zoning allows for a variety of potential business development uses.

What's Special

Homestead serves as a growing suburban market within the Miami metropolitan area, providing essential links between the urban core and the agricultural regions of South Florida. This 0.409-acre commercial land parcel at 705 SW 3rd Ave sits within this developing municipality, benefiting from regional connectivity and continued infrastructure investment in the southern portion of Miami-Dade County. The site presents a functional footprint for investors or developers seeking to establish a presence in a locale characterized by residential expansion and increasing commercial service requirements. Given the commercial classification, the parcel is suited for various business applications that support the local population or take advantage of the steady traffic flow moving through the corridor. The property offers a straightforward development opportunity for those evaluating the growth trajectory of the Homestead market.

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NOI
$80,000
Cap Rate
17.62%
DSCR
2.97
Strong
Cash-on-Cash
38.95%
Monthly Payment
$2,246.144
Annual Cash Flow
$53,046.269

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