Exceptional 6.09-acre corner development opportunity at the signalized intersection of S Canal Dr & SE 18th Ave in Homestead. This highly visible and strategically located parcel offers dual frontage, excellent accessibility, and is positioned within one of South Miami-Dade’s fastest-growing residential and commercial corridors. The site benefits from immediate connectivity to U.S. Route 1 and Florida's Turnpike, providing seamless regional access to employment hubs, retail centers, schools, and healthcare facilities. Continued population growth and infrastructure expansion in the surrounding area support long-term demand for residential development. The property is administratively approved for approximately 60 units of a 55+ independent living community, offering a rare opportunity to develop an age-restricted residential asset in a supply-constrained market. Stabilized operations are projected to generate annual income exceeding $1.4 million; or alternative townhouse development concept offering flexibility in density, unit mix, and final site configuration A comprehensive pre-development package has been completed, significantly reducing entitlement risk and accelerating the path to construction. Deliverables include: Traffic Impact Study Near permit-ready construction plans: Architectural Structural Civil Mechanical, Electrical & Plumbing (MEP) Geotechnical subsurface exploration report, including soil borings, permeability testing, settlement analysis, and foundation recommendations These reports confirm favorable site conditions and provide a clear roadmap toward vertical development. Two development pathways are available: Approved ±60-unit 55+ independent living community Alternative townhouse development concept offering flexibility in density, unit mix, and final site configuration or Assisted Living Facility (ALF), rehabilitation center, medical office, or similar healthcare-oriented uses, subject to applicable approvals The site is currently unimproved and free of structures, allowing maximum design flexibility. Its corner configuration enhances visibility, ingress/egress planning, and overall site efficiency. This offering is ideal for developers seeking a near shovel-ready project with substantial due diligence completed, minimizing pre-construction timelines, entitlement uncertainty, and soft costs. Buyer to independently verify all zoning, approvals, entitlements, and development potential with the City of Homestead and Miami-Dade County. Investment Highlights 6.09-acre corner parcel with dual frontage Administrative approval for ±60-unit 55+ independent living project Strong projected stabilized income: $1.4M+ annually Located in high-growth South Miami-Dade submarket Immediate access to major transportation corridors Near shovel-ready with extensive due diligence completed Pre-Development Value Significant cost/time savings (12–24 months typical entitlement timeline avoided) Full engineering stack nearly permit-ready Geotechnical confirmation reduces construction risk Traffic study completed (key for approvals & lender confidence) Development Flexibility Approved senior living concept (high-demand demographic in South Florida) Backup townhouse concept for exit flexibility Ability to adjust unit mix based on market shifts Target Buyer Profile Multifamily developers Senior housing / 55+ operators Build-to-rent (BTR) developers (via townhouse concept) Private equity groups seeking de-risked land plays Market Positioning Homestead experiencing strong population growth and affordability-driven migration from core Miami Limited supply of entitled 55+ development sites in the area Increasing demand for age-restricted and workforce housing Key Selling Angles “Skip the entitlement process” opportunity Dual-exit strategy (senior living vs. townhomes) Strong yield potential vs. land basis Clean, unimproved site = no demolition costs Corner lot = superior design efficiency and visibility