City Of Homestead Acquires Mixed-Use Property In South-Dade For $4.2M

Located in South-Dade, Homestead, the mixed-use property at 204/220/230 N Krome Avenue & 28/32 NW 2nd Street has been sold for a total price of $4,200,000. The property spans over 30,600 square feet of land and features 19,398 square feet of retail/office space, as well as 9,100 square feet of parking space. With a price per square foot of $217, this transaction represents a significant investment in the area.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,200,000
• Square Footage: 19,398 SF
• Address: 204/220/230 N Krome Avenue & 28/32 NW 2nd Street, Homestead, FL 33030
• Market: South-Dade, Homestead

Handling the sale was George Reyes from The Katsikos Group, INC., who represented the seller. This deal reflects the ongoing investment and development in the Homestead area, showcasing the potential for growth and economic activity. With the involvement of the City of Homestead as the buyer, this transaction demonstrates the continued interest in mixed-use properties and the confidence in local markets.