4930 Palm AveHialeah, FL 33012

This exceptional mixed-use property, located at 4930 Palm Ave in Hialeah, Florida, presents a compelling investment opportunity. The property encompasses four contiguous lots totaling 58,046 square feet, situated in a rapidly growing area of Miami-Dade County, zip code 33012. Built in 1952, this site offers significant potential for redevelopment. Hialeah's strategic location and supportive initiatives, including the Urban Development Boundary (UDB) and Neighborhood Business District (NBD) Overlay, create a favorable environment for investors. Florida's LiveLocal legislation further enhances the property's appeal, allowing for the potential development of up to 70 residential units per acre, contingent upon a land use conversion from the current RO (Residential Office) zoning. The property's current zoning also presents the possibility of rezoning to B-1 Highly Restricted Retail, opening doors to a diverse range of office, retail, and service businesses. The asking price for this remarkable development opportunity is $6,500,000. This property's size, location, and zoning flexibility make it an ideal investment for those seeking substantial returns in a thriving South Florida market. The property's latitude and longitude coordinates are 25.8671283, -80.2833077 respectively.