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29500 Old Dixie Hwy

5.23 Acres of Commercial Land Offered at $6,950,000 in Homestead, FL 33033

Investment Highlights

  • Site is strategically located with direct frontage on Old Dixie Hwy and US1
  • Directly across street from the SW 296 ST Bus Rapid Transit (BRT) Station

Executive Summary

The subject property is within one-quarter (1/4) mile of the Rapid Transit Zone (RTZ), and therefore be develop in accordance with the Comprehensive Development Master Plan's (CDMP) Community Urban Center policies. It comprises 3 adjacent parcels with direct frontage to Old Dixie Hwy and US1, within 750 feet directly across street of the Transitway Station on the North side of SW 296 ST.
These are the permitted uses on this site:
Mixed-use development with a floor-area ratio (FAR) up to 2.0 and Residential density of 60 units/acre,
Schools (K-12),
Trade schools, Colleges and Child-care facilities
Civic uses,
Religious facilities,
Hospitality,
General Retail,
Urgent Care, and
Professional Business offices.
Major local employers include Baptist Hospital, Amazon and Homestead Airforce.
Grocery stores and Medical Centers are within walking distance. The site is located directly across from US1 and the Bus Rapid Transit (BRT) Station, 2 miles from the Turnpike, 3 miles from Baptist hospital and 35 miles from downtown Miami.

Property Facts

Price $6,950,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Apartment Units - Condo
  • Daycare Center
  • Healthcare
  • Hotel
  • Medical
  • Religious Facility
  • Schools
Total Lot Size 5.23 AC

1 Lot Available

Lot

Price $6,950,000
Price Per AC $1,328,872
Lot Size 5.23 AC

Prime South Dade development 5.2-acre site located in unincorporated Miami-Dade county, right in the center of one of Miami's greatest developing hubs, Naranja and Homestead- Within walking distance of the SW 296 ST Bus Rapid Transit (BRT) Station.

Description

Site is strategically located within direct frontage on Old Dixie Hwy and US 1. Directly across street from the SW 296 ST BRT Station. Mixed-use development with a floor-area ratio (FAR) up to 2.0 and Residential density of 60 units/acre.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 30-7905-000-0221
  • 30-7905-000-0291
  • 30-7905-006-0010
Land Assessment
$1,783,292
Improvements Assessment
$121,830
Total Assessment
$1,905,122

zoning

Zoning Code CDMP (Site can be develop in accordance with the Comprehensive Development Master Plan's (CDMP) Community Urban Center policies -Leisure City.)
CDMP (Site can be develop in accordance with the Comprehensive Development Master Plan's (CDMP) Community Urban Center policies -Leisure City.)
  • Listing ID: 33300379

  • Date on Market: 9/25/2024

  • Last Updated:

  • Address: 29500 Old Dixie Hwy, Homestead, FL 33033

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