For Sale
$6,500,000

49 49Th St Hialeah, FL 33012

Four Lots, 58,046 sqft, $6.5M

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 58,046 square foot development opportunity in the heart of Hialeah, Florida, presents a compelling investment prospect. Comprising four contiguous lots located at 49 W 49th St, 33012, this property is ideally positioned to capitalize on Hialeah's significant growth trajectory. Currently zoned RO (Residential Office), the site offers considerable potential for rezoning to B-1 Highly Restricted Retail, unlocking a diverse range of development possibilities, including office, retail, and service businesses. Alternatively, leveraging Florida's LiveLocal legislation, a land use conversion to Commercial could facilitate the construction of up to 70 residential units per acre. The property benefits from Hialeah's strategic incentives, including the Urban Development Boundary (UDB) and Neighborhood Business District (NBD) Overlay, further enhancing its development potential. This prime location, coupled with the substantial land area and favorable zoning considerations, makes this an exceptional opportunity for investors seeking significant returns in a rapidly developing market. The asking price for this unique property is $6,500,000.

Highlights

  • $6,500,000 asking price.
  • Special purpose property located in Hialeah, FL.
  • Four contiguous lots totaling 58,046 square feet.
  • Prime development opportunity in a rapidly growing area.
  • Potential for residential (up to 70 units per acre with rezoning) or commercial development.
  • Currently zoned RO (Residential Office), with potential for rezoning to B-1.

Property Details for 49 49Th St

Property type
Specialty properties

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.8667119
Longitude
-80.3033902

FAQs

What type of property is this?
Specialty property - Four Lots, 58,046 sqft, $6.5M
Where is the specialty property located?
The property is located at 49 49Th St Hialeah, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: $6,500,000 asking price.; Special purpose property located in Hialeah, FL.; Four contiguous lots totaling 58,046 square feet.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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49 49Th St
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