Homestead, FL 33032,27525 S Dixie Hwy
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Homestead, FL 33032,27525 S Dixie Hwy
Homestead, FL 33032,27525 S Dixie Hwy
Homestead, FL 33032,27525 S Dixie Hwy
Homestead, FL 33032,27525 S Dixie Hwy

$3,900,000

Est. payment /mo

$4,500,000

13.3%
Est.Price: ?

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27525 S Dixie Hwy Homestead, FL 33032

22,839 SqFt

SOLD DATE : 06/20/2023

Key Details

Sold Price $3,900,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 22,839 sqft

Price per Sqft $170

MLS Listing ID A11328050

Sold Date 06/20/23

HOA Y/N No

Year Built 1988

Annual Tax Amount $43,517

Contingent Pending Inspections

Lot Size 2.410 Acres

Property Sub-Type Retail

Property Description

This property presents an opportunity for a covered land play and redevelopment. The US-1/S. Dixie corridor has seen extensive multifamily development with no slowdown in sight. The parcel is located in the Core Sub-District of the Leisure City Community Urban Center and is designated as "MC-Mixed Use Corridor." Under the MC designation, the property may be developed with up to ninety (90) units per acre. Height would be limited to a minimum of 2 stories and a maximum of 6 stories by right. Enclosed the massing study prepared calls for 6 floors with 2 decks of parking. This design allows for 186 units with a very efficient and cost-effective layout.

Location

State FL

County Miami-dade County

Area 69

Exterior

Private Pool Yes

Building

Story 1

Level or Stories One

Structure Type Block

Others

Tax ID 30-69-33-015-0030

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

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Listed by Real Capital Partners LLC
Bought with Real Capital Partners LLC
agent

Karina Marx

Broker Associate | License ID: IA.100089820

+1(786) 999-4504

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