Description

ATTENTION INVESTORS / CONTRACTORS! 24 units, value-add opportunity: a Triple Net Lease shopping center with an impressive 9% Cap rate BEFORE any value-add! Perfect for owners & landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15,168 SFT of building space and situated on almost 1 acre (over 38,636 SFT) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance & maintenance!! #goldmine

On Zillow, scroll down to “facts & features”, click on “show more”, then click “View virtual tour” for your Virtual Interactive Lifestyle Concierge! Ask anything. Explore everything.

Address

Open on Google Maps

Address: Krome Ave
City: Homestead
State/county: Miami-Dade County
Zip/Postal Code: 33030
Area: KROME AVE ADDN

Details

Updated on April 10, 2026 at 2:35 am

Property ID A11916839
Price $9,700,000
Property Size 16728 Square Feet
Year Built 1973
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaTotal 16728
BuildingAreaUnits Square Feet
BuildingName KROME AVE ADDN
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-12-01
Cooling Other
DaysOnMarket 129
DocumentsAvailable Investment Analysis, Copy Of Lease(S), Other Available Information
ExpirationDate 2026-12-01
Flooring Other
Heating Other
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-747-5117
ListingTerms All Cash, Exchange
LotFeatures 3/4 To Less Than 1 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Krome Ave Addn
MajorChangeTimestamp January 5, 2026 at 07:24pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 9, 2026 at 07:12pm
NumberOfUnitsInCommunity 4
OnMarketDate 2025-12-01
OriginalEntryTimestamp December 1, 2025 at 08:07pm
OriginalListPrice 10000000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 10-78-12-004-0060
ParkingTotal 0
PhotosChangeTimestamp January 5, 2026 at 07:26pm
PhotosCount 24
Possession Funding
PostalCodePlus4 4407
PreviousListPrice 10000000
PriceChangeTimestamp January 5, 2026 at 07:24pm
PublicSurveyRange 78
PublicSurveySection 12
PublicSurveyTownship 78
RentIncludes Sewer
Roof Other
Sewer Other
ShowingContactType Agent
ShowingInstructions Call Listing Agent, See Broker Remarks, Showing Assist
SourceSystemKey 423389813
StateOrProvince FL
StatusChangeTimestamp December 1, 2025 at 08:07pm
Stories 1
StoriesTotal 1
StreetDirPrefix N
StreetName Krome Ave
StreetNumber 854
StreetNumberNumeric 854
StructureType Quadruplex, Fourplex
SyndicationRemarks ATTENTION INVESTORS / CONTRACTORS! 24 units, value-add opportunity: a Triple Net Lease shopping center with an impressive 9% Cap rate BEFORE any value-add! Perfect for owners & landlords. Krome Ave has become the vibrant commercial retail hub of Homestead, prime location bordering Florida City, offering lucrative prospects for discerning investors. Spanning an expansive 15, 168 SFT of building space and situated on almost 1 acre (over 38, 636 SFT) of land, its strategic positioning sets it apart, promising substantial returns for years to come. ALWAYS fully occupied, B-1 zoning allows for a diverse tenant mix. Rental rates currently below market value, endless opportunities! DO NOT DISTURB TENANTS! Financials are in the pics. Tenants pay taxes, insurance & maintenance!! #goldmine On Zillow, scroll down to "facts & features", click on "show more", then click "View virtual tour" for your Virtual Interactive Lifestyle Concierge! Ask anything. Explore everything.
TaxAnnualAmount 48370
TaxLegalDescription KROME AVE ADD PB 6-174 LOTS 9-10 & LOT 1 BLK 4 ROYAL PALM ADD PB 2-67 LOT SIZE 148.600 X 260 OR 15678-0847 1092 3 COC 25089-1970 11 2006 1
TaxYear 2024
YearBuiltDetails Resale
Zoning 6300