For Sale
$4,000,000

3701 79Th StMiami, FL 33147

Prime Hialeah location, high-end potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This 9,000 square foot lot in Hialeah, Florida, presents a compelling redevelopment opportunity. Currently zoned M1- TOD District, the property features a 3,000 square foot, single-story warehouse built in 1935 with a 20-foot ceiling height. The existing structure offers potential income during the redevelopment phase, with a current occupancy rate of 6%. The property's location within a Transit Oriented Development (TOD) district, coupled with its proximity to major highways, transportation hubs, and Miami International Airport, makes it ideal for a mixed-use development project. Significant redevelopment projects are underway in the surrounding area, further enhancing the property's value and potential. The asking price is $4,000,000, representing a 6.00% cap rate. This is a rare chance to capitalize on the growth of multifamily and commercial development in East Hialeah, with the potential to create high-end residential and commercial units. The property's 9,000 square foot lot provides ample space for a substantial project. This NNN net lease property presents a unique investment opportunity for those seeking a high-return redevelopment project in a rapidly growing area.

Highlights

  • 9,000 SF lot in Hialeah, FL, ideal for redevelopment.
  • Existing 3,000 SF warehouse (1935 construction, 20' ceilings), currently 6% occupied, offers interim income.
  • M1-TOD zoning, near major highways, transportation, and MIA.
  • $4,000,000 asking price, 6.00% cap rate.
  • High-return redevelopment opportunity in a rapidly growing area.

Property Details for 3701 79Th St

Property type
Warehouses, Retail properties
Square Feet
9,000 SF
Year Built
1935
Buildings
1
Stories
1
Units
1

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.8458872
Longitude
-80.258246
3701 79Th St, Miami, Florida

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3701 79Th St
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