1109 23Rd StHialeah, FL 33013

  • Manufacturing properties
  • 3,800 SF
For Sale
$1,400,000 View listing

Property Details for 1109 23Rd St

Year built
1958
Construction
CONCRETE
Lot size
0.12 AC
Property size (Sq ft)
3,800 SF
Zone code
7100:INDUSTRIAL,LIGHT MFG
Property type
Manufacturing properties
APN
04-3108-002-2730
APU
431080022730

Description

This exceptional 3,800 sq ft industrial warehouse in Hialeah, Florida, presents a compelling redevelopment opportunity. Located at 1109 E 23rd St, 33013, this single-story, 1958-built structure sits on a 5,272 sq ft lot and boasts M-1 zoning. The warehouse features a ground-level bay garage door and a 500 sq ft air-conditioned private office, ideal for owner-users. The ceiling height is 11 feet. Its strategic location offers easy access to I-95 and the 826 Expressway via East 25th Street, ensuring excellent connectivity. This property is part of a larger 38,000 sq ft land assemblage, making it particularly attractive for multi-family development projects. The asking price is $1,400,000. The property is currently vacant and offers significant potential for investors seeking a redevelopment project in a high-growth area. The property is zoned for M-1 industrial use. This is a unique chance to acquire a well-situated industrial property with substantial upside potential. The single unit building offers 3,800 net rentable square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,233,202
    Hospitality
    $1,129,606
    Educational
    $939,819
    Medical
    $972,141
    Retail
    $1,461,941

Location Insight

City
Hialeah
County
Miami-dade
State
Florida
Latitude
25.8439
Longitude
-80.2598
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,060
$342,680
$193,320
$536,000
-
$342,680
$193,320
$536,000

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