118 washington ave, homestead, fl 33030 · 2018-08-20 · august 17, 2018 for sale downtown...

August 17, 2018

FOR SALEDOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTY ON WASHINGTON AVE

118 WASHINGTON AVE, HOMESTEAD, FL 33030

PRESENTED BY:Matthew Rotolante, CCIM, SIOR305.235.1500 [email protected]

7925 NW 12th Street, Suite 301 Miami, FL 33126 305.235.1500 lee-associates.com


OFFERING SUMMARY

SALE PRICE: $350,000

LOT SIZE: 0.14 Acres

BUILDING SIZE: 5,000

ZONING: B-1

MARKET: South Miami-Dade

SUBMARKET: Downtown HistoricHomestead

PRICE / SF: $70.00

Great location in Downtown Historic Homestead! This 5,000 SF building has 55 ft of frontage on Washington Ave directly across fromHomestead City Hall with great visibility. This building includes a loading door in the rear alley entrance, and could potentially be updatedwith retail storefront windows to service retail traffic along Washington Ave. There is street parking immediately in front of the property, andplenty of public parking at the new Homestead City Hall located immediately across the street and the S Miami-Dade Busway station for easypublic transportation. This property sits in the heart of the Historic Homestead Revitalization Plan near the newly renovated Seminole Theater,Losner Park, the Homestead Police Station, and the new Homestead Station.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• Superior Homestead Location in Heart of Downtown Historic Homestead

• 55' Frontage on Washington Ave Directly Across from City Hall

• 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

• Near New Developments such as recently renovated Seminole Theater, Losner Park, and the Brand New Homestead CityPolice Station, and the new Homestead Station Retail Development project which includes the Downtown Transit Center andTrolly Hub.

DOWNTOWN HISTORIC HOMESTEAD RETAIL PROPERTY ON WASHINGTON AVE

118 Washington Ave, Homestead, FL 33030

PROPERTY SUMMARY




NEIGHBORHOOD MAP

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 Stationis expected to be complete in Spring 2017. Its construction is funded through the May 2014 Bond Referendum in which 74% of Homestead voters approved funding tomove 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 DowntownHomestead.

The second phase consists of a Transportation & Retail Development, Iconic Attraction, Homestead Cybrary, and Losner Park Expansion. The Transportation & RetailDevelopment will provide a transit hub and parking for residents and visitors, as well as a family entertainment complex and various street-level retail and diningopportunities. 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 theEverglades 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 technologysuch 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’srelationship with Miami-Dade College (MDC) by creating a Student Center and Entrepreneurial Center across from City Hall allowing MDC’s students to get out intoDowntown Homestead to explore retail, recreation, and dining opportunities while bringing Homestead’s business community to MDC as they utilize the resources of theEntrepreneurial Center.




DOWNTOWN HOMESTEAD REVITALIZATION




HOMESTEAD'S DOWNTOWN HISTORIC DISTRICT




LOCATION MAPS


POPULATION 1 MILE 3 MILES 5 MILES

Total population 15,567 63,112 101,951

Median age 27.4 30.0 30.2

Median age (Male) 27.8 30.3 29.9

Median age (Female) 27.2 29.8 30.4

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,874 19,025 30,714

# of persons per HH 3.2 3.3 3.3

Average HH income $32,924 $45,087 $49,375

Average house value $177,305 $182,869 $242,680

* Demographic data derived from 2010 US Census



DEMOGRAPHICS MAP

118 washington ave, homestead, fl 33030 · 2018-08-20 · august 17, 2018 for sale downtown...

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