DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL

Transcription

1 DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL 131 N KROME AVE HOMESTEAD, FL Matthew Rotolante, CCIM, SIOR Managing Director x1006 matt@svnsouth.com SVN South Commercial Real Estate Advisors 7925 NW 12th St., Suite 301, Miami, FL SALE BROCHURE

2 Property Summary OFFERING SUMMARY Sale Price: PROPERTY OVERVIEW $560,000 Lot Size: 5,404 SF Building Size: 4,640 SF Great Location in Historic Downtown Homestead! 131 N Krome Ave in Historic Downtown Homestead offers 4,640 SF of retail space with 38' frontage on N Krome Ave. The N Krome Ave corridor through the heart of the historic district accumulates 19,200 vehicles per day and has been undergoing and attracting many new developments as part of the Historic Downtown Homestead Revitalization Plan. Just a few parcels south sits the historic city hall building, just across the street from the refreshed Seminole Theater, Losner Park and the brand new Homestead Police Station. Only one block to the east of the property sits the prominent new Homestead City Hall and the S Miami-Dade Busway station. PROPERTY HIGHLIGHTS Zoning: B-1 Market: South Florida Superior Homestead Location in Heart of Downtown Historic Homestead 38' Storefront Frontage on N Krome Ave Submarket: Downtown Historic Homestead Price / SF: $ ,640 SF Retail Building with B-1 Zoning 19,200 AADT on N Krome Ave Near S Miami-Dade Busway Station for easy Public Transportation Near New Developments such as recently renovated Seminole Theater, Losner Park, and the Brand New Homestead City Police Station, and the new Homestead Station Retail Development project which includes the Downtown Transit Center and Trolly Hub. DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL 131 N KROME AVE HOMESTEAD, FL SVN South Commercial Real Estate Advisors Page 2

3 118 Washington Ave Is Also Available OFFERING SUMMARY Sale Price: $350,000 Lot Size: 6,000 SF PROPERTY OVERVIEW The second 5,000 SF building is located across the alley from 131 N Krome Storefront with 55 ft of frontage on Washington Ave directly across from Homestead City Hall with great visibility. This building includes a loading door in the rear alley entrance, and could potentially be updated with retail storefront windows to service retail traffic along Washington Ave. There is street parking immediately in front of the property, and plenty of public parking at the new Homestead City Hall located immediately across the street and the S Miami-Dade Busway station for easy public transportation. Building Size: 5,000 SF PROPERTY HIGHLIGHTS Zoning: B-1 Superior Homestead Location in Heart of Downtown Historic Homestead 55' Frontage on Washington Ave Directly Across from City Hall Market: Submarket: South Florida Downtown Historic Homestead 5,000 SF Building with B-1 Zoning Street Parking Directly in Front of Building 1 Loading Door with Rear Entrance Near S Miami-Dade Busway Station for easy Public Transportation Price / SF: $70.00 Near New Developments such as recently renovated Seminole Theater, Losner Park, the Brand New Homestead City Police Station, and the new Homestead Station Retail Center development which includes the Downtown Transit Center and Trolly Hub. DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL 131 N KROME AVE HOMESTEAD, FL SVN South Commercial Real Estate Advisors Page 3

4 Dowtown Homestead Revitalization DOWNTOWN HOMESTEAD REVITALIZATION PLAN The Downtown Homestead Revitalization Plan consists of three phases. The first phase includes the City Hall, Seminole Theatre, National Parks Trolley, and Police Station. The first three projects have already been completed and are adding value by bringing tourism, culture, and people to Downtown Homestead. The new Police Station is expected to be complete in Spring Its construction is funded through the May 2014 Bond Referendum in which 74% of Homestead voters approved funding to move our officers out of a dangerous, outdated building into a Temporary Police Station and begin construction on a new Police Station in the heart of Downtown Homestead. The second phase consists of a Transportation & Retail Development, Iconic Attraction, Homestead Cybrary, and Losner Park Expansion. The Transportation & Retail Development will provide a transit hub and parking for residents and visitors, as well as a family entertainment complex and various street-level retail and dining opportunities. The Iconic Attraction will build on the Gateway brand to combine an Everglades-themed 4-D ride with an observation tower that boasts a view of the Everglades and Florida Keys. The Homestead Cybrary is a library for the next century combining the traditional functions of a library with state of the art technology such as virtual reality, 3-D printing, and more! Losner Park s expansion will transform the quaint pocket park into a destination park designed by Sasaki and Associates, the same architects who prepared the Master Plan to the Beijing Olympics. The third phase of the project brings low-rise apartment developments to provide a residential component to Downtown Homestead. It also expands the City s relationship with Miami-Dade College (MDC) by creating a Student Center and Entrepreneurial Center across from City Hall allowing MDC s students to get out into Downtown Homestead to explore retail, recreation, and dining opportunities while bringing Homestead s business community to MDC as they utilize the resources of the Entrepreneurial Center. DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL 131 N KROME AVE HOMESTEAD, FL SVN South Commercial Real Estate Advisors Page 4

5 Aerial Image DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL 131 N KROME AVE HOMESTEAD, FL SVN South Commercial Real Estate Advisors Page 5

6 Homestead Downtown Historic District DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL 131 N KROME AVE HOMESTEAD, FL SVN South Commercial Real Estate Advisors Page 6

7 Location Maps DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL 131 N KROME AVE HOMESTEAD, FL SVN South Commercial Real Estate Advisors Page 7

8 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES 15,773 63, ,395 Median age Median age (male) Median age (Female) MILE 3 MILES 5 MILES 4,919 19,278 30,866 # of persons per HH Average HH income $33,336 $44,878 $49,149 Average house value $177,067 $182,762 $242,767 Total population HOUSEHOLDS & INCOME Total households * Demographic data derived from 2010 US Census DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTIES NEAR CITY HALL 131 N KROME AVE HOMESTEAD, FL SVN South Commercial Real Estate Advisors Page 8