3rd Ave

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3rd Ave

Homestead, FL 33030
Asking Price
$800K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel totaling 0.69 acres for sale.
  • Property is situated on 3rd Avenue in Homestead, Florida.
  • Offering price for this development site is $800,000.
  • Location provides accessibility within the growing Miami-Dade submarket.
  • Versatile site suitable for various commercial development projects.

What's Special

Development of this 0.69-acre commercial land parcel on 3rd Avenue offers a strategic foothold in Homestead, Florida. The site provides a versatile foundation for businesses looking to capitalize on the growth of this South Florida municipality, which serves as a vital gateway between the urban density of Miami-Dade County and the agricultural sectors to the south. Proximity to major regional transit corridors facilitates logistical access, making the location suitable for various commercial or retail applications depending on municipal regulations. Investors and developers will find this property well-positioned to support long-term capital appreciation as the local economic landscape continues to evolve. The site remains a practical candidate for commercial enterprises seeking to establish a presence within a developing suburban market characterized by sustained population expansion. Potential users might explore opportunities for professional services, neighborhood retail, or general commercial development, provided they adhere to the specific zoning and site planning requirements mandated by the city.

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NOI
$80,000
Cap Rate
10.00%
DSCR
1.68
Strong
Cash-on-Cash
13.54%
Monthly Payment
$3,957.964
Annual Cash Flow
$32,504.438

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