The property last sold for $29.3 million in 2019.
Upshot Capital Advisors paid $7.5 million for the 5.5-acre parcel.
It aims to change the land use from “general commercial” to “urban infill” to build 18,000 square feet of medical offices and 2,710 square feet of retail.
Homestead Medical Center would total 140,000 square feet in five stories.
The new center, located at 16241 Biscayne Blvd., opened for new patients September 8th and will hold its official grand opening on October 15th.