S Canal Dr, Homestead FL 33035

$5,500,000

Overview

Commercial
Property Type

Square Feet
Area Size

6.091 Square Feet
Land Area

BHHS EWM Realty
Listing Office

Maria Alexandra Silva
Listing Agent

A12007157
Property ID

360° Virtual Tour

Description

Once-in-a-lifetime development opportunity in Homestead. Administratively approved for ±60-unit 55+ independent living community. Exceptional 6.09-acre corner parcel with dual frontage at S Canal Dr & SE 18 Ave, near Turnpike, US-1, retail, hospitals, and major amenities. Property includes extensive due diligence: traffic impact study and near-complete permit-ready plan sets (architectural, structural, civil, mechanical, electrical & plumbing). Geotechnical report completed with soil borings, permeability test, and foundation recommendations, significantly reducing risk and development timeline. Flexible options include approved 55+ concept or townhouse development allowing density optimization. Rare, fully engineered development opportunity with strong development upside.

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