S Canal Dr, Homestead, FL 33035
- $5,500,000
- List Price
- $5,500,000
- MLS#
- A12007157
- Status
- ACTIVE
- Type
- Commercial
Property Description
Once-in-a-lifetime development opportunity in Homestead. Administratively approved for ±60-unit 55+ independent living community. Exceptional 6.09-acre corner parcel with dual frontage at S Canal Dr & SE 18 Ave, near Turnpike, US-1, retail, hospitals, and major amenities. Property includes extensive due diligence: traffic impact study and near-complete permit-ready plan sets (architectural, structural, civil, mechanical, electrical & plumbing). Geotechnical report completed with soil borings, permeability test, and foundation recommendations, significantly reducing risk and development timeline. Flexible options include approved 55+ concept or townhouse development allowing density optimization. Rare, fully engineered development opportunity with strong development upside.
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Additional Information
- Days on Market
- 142
- Tax Amount
- $30,620
- Parcel Number
- 10-79-20-001-0055
- Lot Size
- 265,324
- Directions
- From Florida's Turnpike, take Exit 2 (E Palm Dr/US-1), head south on US-1, turn west onto SW 312 St (Campbell Dr), continue to S Canal Dr, then south to SE 18th Ave. Property at SE corner of S Canal Dr & SE 18th Ave, Homestead.
- Address
- S Canal Dr, Homestead
- Development Name
- Miami Land & Development
- Development
- Miami Land & Development
- Section
- 20
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Listing Courtesy of BHHS EWM Realty, Contact: