This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
24751 117th Ave
Homestead, FL 33032
Coconut Palm Plaza · Property For Lease
HIGHLIGHTS
- Coconut Palm Plaza is a new storefront retail/ office strip currently under construction that will deliver 80,000 SF by December 2025.
- Premier leasing opportunity for brand-new inventory in the South Dade Submarket, which has an annual consumer spending of more than $1.9B.
- Approximately 207,376 residents encompass the proposed center’s 5-mile site, with 33,064 employees in service-producing industries.
- Conveniently off the Ronald Reagan Turnpike and near US 1, Coconut Palm Plaza is renowned as the southernmost city on the Florida mainland.
- Residents and employees have the Miami-Dade Transit Line, the Tri-County Commuter Rail, public buses, trolleys, rideshare, and bike share options.
PROPERTY FACTS
| Property Type | Retail | Parking Ratio | 4.17/1,000 SF |
| Gross Leasable Area | 80,000 SF | Construction Status | Proposed |
| Year Built | 2026 |
| Property Type | Retail |
| Gross Leasable Area | 80,000 SF |
| Year Built | 2026 |
| Parking Ratio | 4.17/1,000 SF |
| Construction Status | Proposed |
ABOUT THE PROPERTY
Adrian Management Inc. is pleased to present, for the first time, the premier storefront retail/ office leasing opportunity at Coconut Palm Plaza. Currently under construction, this 80,000-square-foot center will be the area's newest and only Class A shopping center. The commercial strip will be completed by the end of 2025 and already has signed leases with Bravo Supermarket, a liquor store, a UPS Store, a smoke shop, a sail salon, and a daycare, offering an unbeatable opportunity to attract a steady flow of customers. Of the two total floors, the second floor is divided into storefronts with bathrooms and boutique interior offices starting at 600 feet. More than 330 parking spaces will be available on the 3.7-acre commercial parcel, providing plentiful parking for daytime employees and clients. Leasing opportunities within Coconut Palm Plaza present the perfect option for maximum visibility, with a newly built Wawa, Aldi, and Chick-fil-A all on the same street. Coconut Palm Plaza is ideally located off the Ronald Reagan Turnpike, within one of the fastest-growing communities in South Florida. Homestead’s proximity to the cities of Cutler Bay and Palmetto Bay provides an additional consumer base from these higher-income areas. Most retail in the region is concentrated along main thoroughfares and US 1, which runs north to south on the area’s eastern edge. Conveniently, the subject plaza offers over 600 feet of direct frontage on Coconut Palm Drive, which sees an average of 13,950 vehicles passing daily. Some of the area’s most prominent tenants include retailers such as Target and Ross, supermarkets like Publix and Aldi, and automotive retailer AutoZone. Shopping centers such as Promenade at Silver Palms and Cumex Shopping Center are home to various local and national tenants. General retail makes up the bulk of retail space in the South Dade Submarket, with most tenants reporting to service-producing daytime employment realms to best serve the area’s local households. South Dade tends to be a more affordable retail area, with rents typically below the Miami market average. The area represents Miami's third-largest retail area. Inquire today about the benefits of leasing the high-end, Class A retail or office space at Coconut Palm Plaza, an ideal environment offering easy access and visibility among a thriving demographic.
