Homestead Properties
Homestead, Florida
Building
Stats
- Property Type Retail - Restaurant, Hospitality - Full Service
- Year built 1968
- Building size (SF) 23,629
- Size (Ac) 2
- Price $4,000,000
Overview
Highlights
The Property consists of two types of income producing properties:
The Inn of Homestead – A two-story, 50-room hotel with swimming pool, guest laundry rooms and 60 parking spaces.
Mario’s Latin Cafe – A single-story, full-service restaurant with 40 parking spaces. Under a lease expiring March 2022.
Property has excellent frontage along US-1, and subject to zoning laws, a potential redevelopment site for multifamily rentals, adult living facility, retail center and other uses.
Another potential use may be converting the hotel to multifamily micro-units and keeping the restaurant by extending the lease term.
