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$3,500,000 Just Listed
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Property Description
Prime location for this commercial 7,640 sq ft building with a 13,500 sq ft lot directly on Krome Ave in the City of Homestead with B-1 zoning. The property is currently divided for two businesses but can be remodeled as desired to accommodate up to 5 separate units, each with their own address and bathroom. Parking is available on the street in front of the business, with additional paved parking in the back of the building which offers both front and back building access. The building has recently completed its 40-year recertification and is ready for its new owner.
Full Property Details
Full Property Details for 505 N Krome Ave
General
- Price: $3,500,000
- Status: Active
- Type: Office
- Source: Greater_Miami
- MLS ID: A11984815
- Updated: 3/20/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Medical Office, Retail Space
Interior
- Flooring: Concrete, Wood
Parking
- Parking Features: Common, Other, On Street
Location
- County: Miami-Dade County
Community
- Units Assoc/Comm: 1
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Building A/C
Utilities
- Electric Available: Yes
- Sewer: Public Sanitation
- Water: Public
Structural Information
- Structure Type: Commercial, Free Standing, Medical Office, Office/Retail, Professional, Retail, Shopping Center
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Tar & Gravel Roof
- Windows: Complete Panel Shutters/Awnings
- Stories/Levels: 1
- Building Size: 7640
- Current Bldg. Use: Retail
- Year Built: 1955
Unit Information
- Units in Complex: 1
Lot Features
- Lot Size (Sq. Ft.): 13,500
- Lot Features: City Location
- Zoning: 6300
Financial Considerations
- Terms: All Cash, Conventional/Refinance, Exchange
Disclosures and Reports
- Ownership: Self Proprietor/Individual
- Special Conditions: Sale
- Legal Description: COMMERCE ADDITION PB 2-97 LOTS 6 & 7 BLK 3 LOT SIZE 100.000 X 135 OR 12129-1266 0484 4 COC 23137-1691/1693/1696 0205 1 COC 23137-1699 0205 1
- Inclusions: Building & Land
- Property ID: 10-79-18-006-0300
Listed by Royal Palm Real Estate Services LLC
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Schools
Schools serving 505 N Krome Ave
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
West Homestead Elementary School 1550 Southwest 6th Street, Homestead, FL 33030 | PK-5 | 1.4 mi |
Homestead Middle School 650 Northwest 2nd Avenue, Homestead, FL 33030 | 6-8 | 0.4 mi |
South Dade Senior High School 28401 Southwest 167th Avenue, Homestead, FL 33030 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 N Krome Ave
Date
Details
Price
Change
Source
3/20/2026
Listed
$3,500,000
543.68%
MLS
2/06/2017
Sold
$543,750
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 N Krome Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,083
14%
$1,074,000
22%
2024
$16,730
6%
$877,971
2%
2023
$15,753
12%
$857,670
19%
2022
$14,029
12%
$722,670
27%
2021
$12,563
2%
$570,686
3%
2019
$12,340
10%
$556,390
8%
2018
$11,240
7%
$515,890
9%
2017
$10,488
3%
$475,412
7%
2016
$10,138
9%
$446,120
10%
2015
$9,265
-1%
$405,564
2%
2014
$9,370
-2%
$396,054
-6%
2013
$9,563
—
$423,076
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 505 N Krome Ave
505 N Krome Ave, Homestead, FL 33030 (MLS# A11984815) is a Office property. 505 N Krome Ave is currently listed for $3,500,000 and was received on March 20, 2026. Want to learn more about 505 N Krome Ave? Do you have questions about finding other Office real estate for sale in Homestead? You can browse all Homestead real estate or contact a Coldwell Banker agent to request more information.

