Retail Properties in Homestead, Florida offer a unique investment opportunity for those looking to tap into the city's growing economy. With a population of approximately 80,000, Homestead is a major agricultural area and suburb of Miami, providing a diverse range of industries and attractions. Retail Properties in Homestead can represent a variety of investments, from small strip centers to large shopping complexes, offering a range of opportunities for businesses and investors. The city's infrastructure, including the Homestead General Aviation Airport and the Homestead Trolley, provides easy access to major transportation hubs and amenities. Homestead's location between Biscayne National Park and Everglades National Park also makes it an attractive destination for tourists and outdoor enthusiasts. The city is home to several major employers, including the Homestead Hospital Baptist Health South Florida and the Homestead-Miami Speedway, which contribute to the local economy and provide employment opportunities for residents. With its rich history, cultural attractions, and natural beauty, Homestead is an excellent place to invest in a Retail Property.
Currently, there are 10 Retail Properties for sale in Homestead, offering a range of options for investors. The average price per square foot for these properties is $427 USD, with an average size of 27,266 square feet. The largest property available is 92,351 square feet. In addition to Retail Properties, Homestead also offers a range of other property types, including Shopping Centers, which can be found along major roads like US 1 and the Florida Turnpike. Restaurants are also a popular option, with many establishments located in the historic downtown district and near major attractions like the Homestead-Miami Speedway. Office Properties are also available, offering a range of options for businesses looking to establish a presence in the area. Hotels are another option, catering to the city's growing tourism industry and providing accommodations for visitors to the area. With its diverse range of property types and attractions, Homestead is an excellent place to invest in a Retail Property or explore other business opportunities.
What is the average cap rate for retail properties in Homestead?
When it comes to retail properties in Homestead, investors can expect an average cap rate of 4.76%. To better understand the significance of this rate, it's essential to know what is a cap rate, which is a crucial metric in commercial real estate investing.
How do location and foot traffic affect retail property values?
When it comes to retail properties for sale in Homestead, location and foot traffic play a significant role in determining property values. Properties situated in high-traffic areas, such as those near the Homestead-Miami Speedway, Everglades National Park, or along major roads like US 1 and the Florida Turnpike, tend to command higher prices due to their visibility and accessibility, with an average price per square foot of $427 USD and an average size of 27,266 square feet.
