305-609-4190
636 S Krome Ave, Homestead FL 33030
Active Commercial

636 S Krome Ave, Homestead FL 33030

Homestead, FL, 33030

$1,490,000

—
Beds
—
Baths
—
Sq Ft
—
Year Built
—
Lot Sq Ft
—
Garage

Photo Gallery (5 photos)

About This Property

Six contiguous commercial lots totaling approximately 0.91 acres with dual frontage — 150 ft on S Krome Ave (SR 997) and 150 ft on SW Krome Terrace. Folios: 10-7813-050-0040, -0050, -0060, -0180, -0190, -0200. Assembled site with approved development plan. The City of Homestead granted Administrative Site Plan Approval (ASPR2022-73) for a 16,666 SF mixed-use project — 12 residential units and three 992 SF retail bays — within the Planned Urban Neighborhood (PUN) zoning district. Permitting has since been split into two 6-unit residential buildings and one 3-unit commercial building. Plans for six residential units are pending final approval; remaining permits are in process. Plans and survey are available. Buyer to independently verify all zoning, entitlements, permit status, DRC conditions, impact fees and utility availability with the City of Homestead and Miami-Dade County. Approvals are subject to conditions and expiration; no representation is made that any approval will remain in effect or that additional review, revision or work will not be required. Owner is a licensed Florida real estate agent.

Property Details

MLS #

A12090963

Status

Active

Property Type

Commercial Land

Sub Type

Commercial

Days on Market

4

Pool

No

Waterfront

No

HOA Fee

None

Est. Insurance

$497/mo

Tax Year

2025

Tax Amount

$20,914

Garage

—

Lot Size

—

MLS Area

Tatums Addition No 1

Subdivision

TATUMS ADDITION NO 1

Mortgage Calculator

Flood Zone & Insurance

Flood zone data not available for this listing. Check FEMA directly

Investment Analysis

$10,430
Est. Monthly Rent
-0.9%
Cap Rate
-4.4%
Cash-on-Cash
$-13,039
Net Operating Income

ROI Projections (4% Annual Appreciation)

86%
5-Year ROI
Value: $1,812,813
196%
10-Year ROI
Value: $2,205,564
335%
15-Year ROI
Value: $2,683,406

Estimates based on area averages. Actual returns may vary. Consult a financial advisor.

Market Trends

Similar Homes

Properties near Homestead in a similar price range

WhatsApp Call Text
Call Text Email