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$1,630,000
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Property Description
A stable income-producing investment with long-term NNN credit tenant & healthy annual rent increases. Freestanding 4,200 SF single-tenant medical office/retail building is located in the heart of the rapidly growing Homestead market & is well-maintained, with recently renewed lease to reputable medical practice. Sitting on a 0.32-acre lot inclusive of on-site parking, the building enjoys excellent visibility on busy N. Krome Avenue (State Road 997), and is surrounded by other medical & retail spaces. Convenient location with direct proximity to the main Route 1 artery & several educational institutions including Miami-Dade College (Homestead Campus). Medical providers operating out of the building are backed by private equity with a focus on eye-care services throughout the country.
Full Property Details
Full Property Details for 948 N Krome Ave
General
- Sold For: $1,630,000
- Taxes: $11,986
- Status: Closed
- Type: Office
- Source: Greater_Miami
- MLS ID: A11379812
- Added to Site: 993 day(s) ago
Business
- Business Type: Medical Office, Retail Space
Parking
- Total Spaces: 27
Location
- County: Miami-Dade County
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Stories/Levels: 1
- Building Size: 4202
- Current Bldg. Use: Retail
- Year Built: 1956
Lot Features
- Lot Size (Acres): 0.32
- Lot Size (Sq. Ft.): 14,025
- Potential Use: Investment
- Zoning: B-1
Financial Considerations
- Tax Amount: $11,986
Disclosures and Reports
- Special Conditions: Sale
- Documents Avail.: Aerial Photo(S), Photos
- Legal Description: ROYAL PALM ADD PB 2-67 S25FT LOT 3 & N30FT OF LOT 4 & S70FT OF LOT 10 & S70FT OF E1/2 OF LOT 11 BLK 1 LOT SIZE 14025 SQ FT OR 12841-1160 038
- Property ID: 10-78-12-003-0030
Listed and Sold by APEX Capital Realty LLC
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Schools
Schools serving 948 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 | 1.6 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 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 948 N Krome Ave
Date
Details
Price
Change
Source
7/14/2023
Sold
$1,630,000
-6.86%
MLS
5/01/2023
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
948 N Krome Ave, Homestead, FL 33030 (MLS# A11379812) is a Office property that was sold at $1,630,000 on July 14, 2023. Want to learn more about 948 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.

