$ 6,500,000
4930 Palm Ave Hialeah, FL 33012
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$ 6,500,000
Est. payment | /mo
2,185 SqFt
$ 6,500,000
Est. payment | /mo
2,185 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,185 sqft
Price per Sqft $2,974
MLS Listing ID A11667845
HOA Y/N No
Year Built 1952
Annual Tax Amount $14,330
Lot Size 0.282 Acres
Property Description
Located in the heart of Hialeah, this property consists of four contiguous lots totaling 58,046 sqft, offering a prime opportunity for development. With Hialeah's growth and incentives like the Urban Development Boundary (UDB), Neighborhood Business District (NBD) Overlay, and Florida's LiveLocal legislation, the area is ready for transformation. To develop residential units under LiveLocal, a land use conversion to Commercial is needed, enabling construction of up to 70 units per acre. Currently zoned as RO (Residential Office), the property has potential for rezoning to B-1 Highly Restricted Retail, which supports a wide range of office, retail, and service businesses.
Location
State FL
County Miami-dade
Area 21
Others
Tax ID 04-21-31-031-1180
Listed by Fausto Commercial Realty Consultants Inc