S Canal Dr, Homestead, Florida 33035
1/18

$5,500,000 USD

Commercial for Sale, S Canal Dr, Homestead, Florida 33035

  • MLS#A12007157

Listed By BHHS EWM Realty

The Commercial Property for Sale located at S Canal Dr, Homestead, Florida 33035 is currently for sale. S Canal Dr, Homestead, Florida 33035 is listed for $5,500,000.

Date Updated : Apr 28, 2026
Shelia Gasson
Compass Florida, LLC

Property features

Property

  • Location: Subdivision

Lot/Land

  • Land/Lot size: 24,649 m² (265,324 ft²)

Utilities

  • Other utilities: Sewer Available Off Site

Description

Once-in-a-lifetime development opportunity in Homestead. Administratively approved for ±60-unit 55+ independent living community. Exceptional 6.09-acre corner parcel with dual frontage at S Canal Dr & SE 18 Ave, near Turnpike, US-1, retail, hospitals, and major amenities. Property includes extensive due diligence: traffic impact study and near-complete permit-ready plan sets (architectural, structural, civil, mechanical, electrical & plumbing). Geotechnical report completed with soil borings, permeability test, and foundation recommendations, significantly reducing risk and development timeline. Flexible options include approved 55+ concept or townhouse development allowing density optimization. Rare, fully engineered development opportunity with strong development upside.

Location

S Canal Dr, Homestead, Florida 33035