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Land - Agricultural
Chan's Homestead Farm, Inc.
NW Corner of SW 320th Street & SW 224th Avenue
Homestead, FL 33030
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- Property is being offered well below market value
- Strong residential growth of area pressuring future development opportunity
- Excellent opportunity for an investor or 1031 exchange buyer
- Significant land investment appreciation during the past two years
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- Located n the fastest growing city in the state of Florida
- Minutes away from the newly built, state of art Baptist Hospital
- Directly in the path o urban sprawl
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Price |
$3,200,000 |
Down Payment |
(100%) $3,200,000 |
Lot Size (SF) |
1,764,180 |
Price Per SF |
$1.81 |
Lot Size (Acres) |
40.50 |
Price Per Acre |
$79,012 |
Zoning |
8900 UNZONED |
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Assessor's Parcel Number |
30-7817-000-0043 |
Taxes |
$3,606.04 |
Tax Year |
2005 |
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This is a prime land investment opportunity is for a developer, an investor or 1031 buyer who desires ownership of land for future appreciation and potential development.
Miami-Dade County is one of the nation's fastest and strongest home buyer growth markets. There are few, if any, substantial tracts of remaining land for residential development within the Miami-Dade County Urban Development Boundary (UDB) line. Consequently, there is an ever increasing demand for residential growth outside of the UDB. The property is located west of the UDB which is the region's outermost limit of growth. Presently, there is a trend of buying land outside the line by major residential developers as a result of increasing land costs for residential development east of the UDB. With continued increasing population growth projections and the demand for affordable housing in a market where home prices are soaring, it's only a question of "when" not a question of "if" the UDB will be moved further west. This is evidenced by the Miami-Dade County Commissioners unprecedented approval on November 30, 2005 of transmittal to Tallahassee for the review of nine applications covering over 1,000 acres of available land for development.
This property is positioned directly in the path of the next wave of development expansion and holds strong appreciation value in the near future for an investor or developer.
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| Listing Office:
5201 Blue Lagoon Drive Suite 100 Miami, FL 33126
Tel: (786) 522-7000
Fax: (786) 522-7010
www.marcusmillichap.com |
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| This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © Marcus & Millichap 2006 |
| (Activity ID: N0390088 Property ID: 1463186) |
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| The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Prinicpals are advised to conduct a thorough due dligigence for any potential transaction. Marcus & Millichap Real Estate Brokerage Company's name and logo are used herein for information purposes only. |
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| Copyright 2006 South Florida Land Broker, Inc. - All Rights Reserved. |
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