1200 NE 8th Street For Sale

From the listing

Exceptional 3.74-acre (approximately 162,911 SF) income-producing development opportunity located at the prominent corner of Campbell Drive and NE 12th Avenue in Homestead, Florida. Potential development opportunities include multifamily, vertical mixed-use, retail, professional office, medical-office, healthcare facilities, religious institutions and places of worship. The property is currently improved with an approximately 13,000+ SF facility leased through June 30, 2027, generating approximately $248,875 in annual contractual rent for the 2026–2027 lease year, combining existing rental income with significant commercial and residential redevelopment potentialZoned B-1 Restricted Retail Commercial and is located within the Rapid Transit Development Overlay District (RTDO), Subzone 4, and Campbell Drive Corridor. Applicable zoning provides a minimum residential density of 20 dwelling units per acre and a maximum of 31 dwelling units per acre, representing approximately 115 theoretical residential units at maximum density, subject to applicable development standards and approvals. RTDO standards provide a maximum building height of three stories and FAR of 1.0–2.0. Qualifying commercial retail uses of up to 10,000 SF are permitted by right, while larger retail uses of up to 20,000 SF may be considered through Special Exception approval.Strategically located directly across from Harris Field, the property offers excellent visibility, convenient access to the Florida Turnpike and US-1, and proximity to Publix, Target, Lowe's, Baptist Health and other major retailers. An exceptional opportunity for investors, developers and owner-users seeking an income-producing property with future redevelopment potential in Homestead's growing commercial corridor. All development potential, density, permitted uses and zoning information are subject to independent verification, applicable development standards and governmental approvals. Buyers are responsible for conducting their own due diligence.

Listed by First Service Realty ERA