1750 NE 8th St
3,310 SF Vacant Retail Building Homestead, FL 33033 $3,976,850 ($1,201/SF)
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EXECUTIVE SUMMARY
One Sotheby's is thrilled to present 1750 NE 8th St., an exceptional retail development opportunity of commercial land located on the hard corner of SW 312 Campbell Dr. and SW 162 Ave in Homestead, FL. The property is a fully built out 3,310 SF bank building with four operational drive-troughs allowing for an easy turn-key bank opportunity with little to no property additions necessary. This prime property offers immense potential for development in a rapidly growing area. With its strategic location, favorable zoning, and a promising market, this land represents a lucrative investment opportunity for those seeking to capitalize on the region's growth and maximize their returns. Note this property has a temporary DERM restriction which will not allow any more allocation beyond current capacity. This moratorium may be adjusted, modified, or waived to increase capacity. Please note. The commercial property at 1750 NE 8th St. in Homestead, FL holds a significant advantage by being situated on one of Homestead's busiest roads. With a daily traffic count of 30,500, NE 8th St. offers substantial exposure and visibility for any business or commercial endeavor. The high traffic volume on NE 8th St. ensures a constant flow of potential customers passing by the property. This provides an excellent opportunity for businesses to capture the attention of a diverse customer base. The visibility on a heavily traveled road increases brand recognition and facilitates easy access for customers, making the property an attractive location for establishing a commercial presence. The bank property is strategically situated in Homestead, FL, a rapidly growing city in Miami-Dade County. Homestead is known for its strong local economy, growing population, and excellent transportation links. The property benefits from a high-traffic area with good visibility, making it easily accessible to both local residents and visitors. The surrounding area features a mix of residential, commercial, and retail developments enhancing the properties appeal and providing a larger customer base.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
3,310 SF
Building Class
C
Year Built/Renovated
1985/2018
Price
$3,976,850
Price Per SF
$1,201
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
1.78 AC
Opportunity Zone
Yes
Zoning
C-1 - COMMERCIAL
Parking
19 Spaces (5.74 Spaces per 1,000 SF Leased)
Frontage
68 FT on Northeast 8th Street
AMENITIES
- Drive Thru
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Drive thru opportunity - Freestanding Building
Space | Size | Space Use | Position | Available |
1st Floor | 3,310 SF | Retail | Outparcel | Now |
1st Floor
Size |
3,310 SF |
Space Use |
Retail |
Position |
Outparcel |
Available |
Now |
NEARBY MAJOR RETAILERS
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PROPERTY TAXES
Parcel Number | 10-7917-001-0160 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $2,153,652 |