Home for Sale
$5,500,000
S Canal Dr, Homestead FL 33035
MIAMI LAND & DEVELOPMENT
Homestead, FL 33033 · MLS# A12080951 · Active · MIAMI LAND & DEVELOPMENT
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 potential Zoned 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.
Estimate only — actual rates, taxes and insurance vary. Not a loan offer or financial advice. Financing through Matthew Gromadzki, NMLS #2560919 · Innovative Mortgage Services, Inc., NMLS #250769.
1200 NE 8th St, Homestead, FL 33033 · See all Homestead homes for sale
Home for Sale
$5,500,000
MIAMI LAND & DEVELOPMENT
Home for Sale
$5,000,000
ACREAGE NOT CLASSIFIED AG
Home for Sale
$5,500,000
Home for Sale
$7,300,000
NARANJA TERRACE
1200 NE 8th St is a property for sale in Homestead, FL 33033. This property was listed for sale on August 19, 2026 by First Service Realty ERA, it's currently listed at $6,250,000. This listing's school district is Miami-Dade County Public Schools.