SW 248th - Vacant Land - SW 248th St. & SW 106th Ave. 19.5 Acres of Agricultural Land Offered at $5,850,000 in Homestead, FL 33032

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INVESTMENT HIGHLIGHTS

Vacant land 19.5 acres. near FL turnpike exit 112th Av.Hot development area. presently can build 4 mansions on 4.9 acre estates

EXECUTIVE SUMMARY

Vacant land in development pathway. Proximate to Florida Turnpike Exit 112th Av. below Cutler Ridge & Saga Bay. Outside UDB in area designated " Future UDB" by county. Parcel currently farmed with low taxes due to Agricultural exemption. Water, sewer, electrical to 107th Av. Frontage on 248th ST major highway goes east beyond property. On 256th ST entrance paving stops at 107th Av. Owners ready to divest. Across the street the owners filled substantially, paved and have received permissions to park semi-trucks and trailers on the 50 acre property. , this is an industrial usage of property. 2 blocks to the west are 30 acres of townhouses, already finished building. Possibly property to east may be for sale to purchase 40 acres.
Realtor can provide ongoing farm lease for buyer if needed to continue agricultural exemption, if necessary, which is very valuable in terms of yearly county taxes. Best street south is 107th av. to view south end of property. 256th ST going west flows into 112th Av. for Florida Turnpike entrance to property. Best viewing on 248th ST. Long, parcels throughout this area. Below Cutler Ridge, and Saga Bay. Proximate to Bay parks, Homestead speedway,
and other recreational facilities. Now zoning allows 1 home per 5 acres or 4 very large estates (4.9 acres) with Mansions on them.
Future may create various zonings.

PROPERTY FACTS

Price	$5,850,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Agricultural
Total Lot Size	19.50 AC
Cross Streets	SW 106th Ave.
Zoning	9000 - Agricultural

1 LOT AVAILABLE

Lot

Price	$5,850,000
Price Per AC	$300,000.00
Lot Size	19.50 AC

Investment parcel ! East of exit Florida Turnpike 112th, Av 2 blocks east from RU-2 dense residential development with water/sewer. Land access 2 paved roads North (248thST)& South (256thST). Hot development area.Presently outside UDB in Future UDB.

DESCRIPTION

Excellent 20 acre property near Florida Turnpike exit at 112th Av. RU-2 being intensively built 2 blocks away. The property is farmed, with very low taxes. It is well positioned for future residential movement of Urban development line. Two blocks west is RU-2. development to west is duplexes and single family home development. This lies below Cutler Ridge and Saga Bay, and near Biscayne Bay. Near Speed way race track and multiple federal , state, county parks. Easy access from airport, Doral, downtown, Brickell, and Coral Gables. Excellent location. Investment parcel. Realtor can attract a farming concern to preserve the Tax beneficial agricultural exemption. Extremely low taxes.

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