Land•Residential•For Sale

5 AC Multifamily Development Site - Up to 90 Units

24040 SW 129th Avenue, Homestead, Florida 33032

Sale Price $2,500,000
Sale Type Development
Zoning UC - R
Land Area 5 Acres
Land Use Multi-Family Development
Market Homestead
Sub-Market Princeton
Lee & Associates South Florida presents this 5 acre development site in growing South Miami-Dade County. The site is conveniently located proximate to public transportation, extensive retail shopping and the Florida Turnpike. With current (R) residential zoning, new development requires a minimum of 8 units per acre and a maximum of 18 units per acre. If combined with the adjoining property to the North, significantly more density can be obtained. A proximate property achieved 240 units or 35 units per acre and is under construction. Prime multi-family development parcel Desirable in-place zoning 2 miles from the Florida Turnpike entrance Less than 1/2 mile to public transportation 2.5 miles from vibrant retail shopping district
  • Ideally situated in a burgeoning area of South West Miami Dade County
  • Master planned for multi-unit residential development (40 - 90 units)
  • Ideal for assemblage with adjacent properties
  • Combined with Norther parcel, up to 180 units can be developed
2/3/2020 8:36:41 PM 2/12/2020 3:30:43 PM

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