131 S Flagler Ave - Storefront Retail/Office FOR SALE


Homestead, FL 33030- Downtown Homestead
$4,000,000 USD
786-301-3296
131 S Flagler Ave, Homestead, FL for Sale
$4,000,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 5.06% Cap Rate

131 S Flagler Ave
Homestead, FL 33030
Downtown Homestead


HIGHLIGHTS

  • Highly visible corner of Krome Avenue and Flagler
  • Potential for development

OVERVIEW

±1.2 acres of prime commercial real estate situated at the highly visible corner of Krome Avenue and Flagler, directly across from the new Homestead Station and just two blocks from the new City Hall. The offering includes four (4) parcels (Folios: 10-7918-008-0010, 10-7918-008-0030, 10-7918-008-0060, and 10-7918-008-0070) and features an existing shopping center, a detached medical office building, and additional vacant land for future development. The property is currently zoned highly desirable B-3. The existing structures have been renovated and brought up to code, including installation of new roofs. Current in-place income totals $20,786 per month with 10 tenants all on one year lease expiring Dec 31st 2026. The City will permit construction of a new building up to six (6) stories in height, providing significant upside and long-term redevelopment potential.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

5.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Flagler Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,875 SF

ZONING

B3

APN/PARCEL ID

10-7918-008-0010

ASK ABOUT THIS PROPERTY

Brandon DagnessesDags Group & AssociatesMore Info
786-301-3296

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Brandon DagnessesDags Group & AssociatesMore Info
786-301-3296

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.