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18259917
18259925

401 W Palm Dr, Homestead, FL 33034

JR
3220355
Premier Properties
Listed by Premier Properties
$1,900,000
723 days on market
Updated 26 days ago

Palm Drive Retail Center

Details
APN 16-7824-007-2450
Property Type Retail
Sub Type Day Care/Nursery, Shopping Center (+1)
Square Footage 2,569
Net Rentable (SqFt) 2,569
Units 6
Cap Rate 2.77%
NOI $52,540
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $740
Broker Co-Op Yes
Class C
Year Built 1949
Year Renovated 2015
Buildings 1
Stories 1
Lot Size (SqFt) 26,250
Zoning C-1
Parking Spaces 16 spaces
Parking Per SqFt 6.23
Investment Type Stabilized

Redevelopment Opportunity Retail | 3.75% CAP | 2,569 SF

Marketing description

Premier Properties proudly presents Palm Drive Redevelopment opportunity located at 401 W Palm Drive, Florida City, FL 33034. The subject property currently has 2,569 SQ FT consisiting of six revamped commercial office/retail units within a single-story building constructed in 1949 and recently updated in 2020 with a two-year-old roof. The property is located on the south side of Palm Drive, across the street from the Florida City Hall. The corner lot size is 26,250 SF and measures 175’ x 150’ in C-1 zoning.

Please contact me for more information 305-219-8970

Investment highlights

**Strategic Location**: Positioned opposite City Hall on Palm Drive, this property is a great opportunity. Zoned C-1 , CRA district & Inside Opportunity Zone, it invites investors to craft an addition/redevelopment vision while enjoying steady cash flow or elevating rents to meet market demands.

Listing Contacts

JR
3220355
Premier Properties
Listed by Premier Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$52,540.00
$4,378.33/mo

Valuation Metrics

0
DSCR
2.77%
Cap Rate
2.77%
ROI

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