Exceptional ±6.09-acre corner development opportunity located at the intersection of S Canal Dr and SE 18th Ave in Homestead, Florida. This strategically positioned parcel offers dual frontage, strong visibility, and excellent access within one of South Miami-Dade’s fastest-growing residential and commercial corridors.
The site is administratively approved for the development of an approximately 60-unit 55+ independent living community, providing a rare opportunity to deliver age-restricted housing in a supply-constrained submarket. The approved concept supports strong projected income, with stabilization estimates exceeding $1.4 million annually, making this an attractive investment for developers and operators focused on senior housing.
A comprehensive pre-development package has been completed, significantly reducing entitlement risk and accelerating the path to construction. Available due diligence materials include a Traffic Impact Study and near permit-ready plan sets, including architectural, structural, civil engineering, and full mechanical, electrical, and plumbing (MEP) designs. In addition, a geotechnical subsurface exploration report has been completed, including soil borings, permeability testing, settlement analysis, and foundation recommendations, confirming favorable site conditions for development.
The property also offers flexibility through an alternative townhouse development concept, allowing a buyer to pursue different residential strategies depending on market demand and final approvals. This optionality provides the ability to optimize unit mix, density, and site layout.
The site is currently vacant and unimproved, offering a clean slate for development with efficient site planning potential. Its corner configuration enhances ingress and egress opportunities, circulation design, and overall project layout.
Located in close proximity to US-1 and Florida’s Turnpike, the property benefits from strong regional connectivity and convenient access to major employment centers, retail destinations, schools, and healthcare facilities. The surrounding area continues to experience steady population growth and residential expansion, further supporting demand for both senior housing and for-sale residential product.
This offering is ideally suited for developers seeking a near shovel-ready project with substantial upfront work already completed, reducing pre-construction timelines, entitlement uncertainty, and soft costs.
Buyer to independently verify all zoning, land use, approvals, and development potential with the City of Homestead and Miami-Dade County.
Raymar Rodriguez
Berkshire Hathaway HomeServices EWM Realty
