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291 S Krome Ave

Homestead, FL 33030

$2,395,000

Auto Repair For Sale  •  13,234 Sq Ft

Property Details

  • Property Type Auto Repair
  • Total Building Size 13,234 Sq Ft
  • Lot Size 0.76 ac
  • Building Class C
  • Year Built 1955
  • Cap Rate 7.00 %
  • Tenancy Multiple
  • Zoning B-2
43 Transit Score
85 Walk Score

Description

3 Adjacent parcels: 291 S Krome Avenue, 375 S Krome Avenue, 304 SE 2nd Avenue, Homestead, Florida. Total 13,000 SF building, 33,150 SF lot. Three free standing parcels located near the heart of Downtown Homestead directly on Krome Ave. Includes Automotive business opportunity, retail, warehousing, 5 double service bays. Street parking in front and rear. Zoned SWPUN COMMERCIAL with potential redevelop with variety of permitted uses. Walking distance to the HOMESTEAD STATION currently under development which will provide over 1000 parking spaces, shops,restaurants, movie theaters and transportation hub. Projected income is based on a net rent of $13.00 per square foot of the existing buildings. Showing by appointment only, do not disturb the employees.
The building totals are reflected in this brochure not the folio used to post this listing. The income shown for the purpose of this brochure is based on a net rent of $13 per foot/year. Very conservative numbers. The business is included with the offering. Over 25 years in business and the equipment stays with the property. The taxes reflected in this offering are for all three parcels. The main buildings on Krome Ave are well suited for retail, grocery, gyms, shops, offices, showroom, restaurant, medical, school, and many more uses. The rear building has 5 double service bays with high ceilings suitable for automotive, service, boat service, repairs, car wash, construction staging, and more. There is about 20000sf of open space for parking, event staging, storage, development, and many other uses.

Highlights

Walking distance from Downtown Homestead, the new Homestead Station including parking, cinema, shops, restaurants and more.
Gateway to the Keys giving a service or retail company a competitive edge as the price is lower than Keys properties high visibility.
Very large building components with clear spans suitable for showrooms, grocery, manufacturing, gyms, etc. very flexible space

Financial Summary (Proforma)

Net Operating Income: $172,042 (2019)
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Carl Pelt & Sons Inc
Goodyear 13,000 SF

Amenities

  • Pylon Sign

Public Transportation

AirportDriveWalkDistance
Miami International Airport 47 min - 32.6 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Don Elliott 305-667-3325 Elliott Realty Services
Don Elliott 305-667-3325 Elliott Realty Services