854 NORTH KROME AVE, Homestead
$9,700,000 USD
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| Address | 854 NORTH KROME AVE, Homestead |
| Type of Property | Retail |
| Type of Business | Retail Space, Shopping Center |
| Price | $9,700,000 |
| Previous Price | $10,000,000 (56 days ago) |
| Property Status | Active |
| MLS Number | A11916815 |
| Property Size | 38636 |
| Lot Size | 38636 |
| Year Built | 1973 |
| Parking Space Number | 43 |
| Folio Number | 10-78-12-004-0060 |
| Zoning Information | 6300 |
| Days on Market | 121 |
Detailed Description: ATTENTION INVESTORS / CONTRACTORS! Value-add opportunity: a Triple Net Lease shopping center with an impressive 8.3% Cap rate BEFORE any value-add! All leases are triple net, perfect for landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15,168 sq.ft of building space and situated on almost 1 acre (over 38,636 sq.ft) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance and maintenance! #goldmine
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Address Information
| State | Florida |
| City | Homestead |
| County | Miami-Dade County |
| Zip Code | 33030 |
| Address | 854 NORTH KROME AVE |
| Section | 12 |
| Zip Code (4 Digits) | 4407 |
Financial Information
| Price | $9,700,000 |
| Price per Foot | $0 |
| Previous Price | $10,000,000 |
| Folio Number | 10-78-12-004-0060 |
| Tax Amount | $48,370 |
Full Descriptions
| Detailed Description | ATTENTION INVESTORS / CONTRACTORS! Value-add opportunity: a Triple Net Lease shopping center with an impressive 8.3% Cap rate BEFORE any value-add! All leases are triple net, perfect for landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15,168 sq.ft of building space and situated on almost 1 acre (over 38,636 sq.ft) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance and maintenance! #goldmine |
| Roof Description | Other |
| Floor Description | Other |
| Parking Description | Assigned |
Property parameters
| Living Area | 38636 |
| Lot Size | 38636 |
| Total Acreage | 0.000 |
| Zoning Information | 6300 |
| Maximum Leasable Size | 38636 |
| Year Built | 1973 |
| Type of Property | Retail |
| Type of Business | Retail Space, Shopping Center |
| Construction Type | Concrete Block Construction |
| Stories Number | 1 |
| Street Direction | North |
| Parking Space Number | 43 |
| Listed with | Keller Williams Capital Realty |