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 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