$3,900,000
$4,500,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
27525 S Dixie Hwy Homestead, FL 33032
22,839 SqFt
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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Bought with Real Capital Partners LLC