851 25Th StHialeah, FL 33013
- Mixed-use properties
- 4,997 SF
Property Details for 851 25Th St
- Year built
- 1940
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.55 AC
- Property size (Sq ft)
- 4,997 SF
- Zone code
- 6600:COMMERCIAL,LIBERAL
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 04-3108-002-2030
- APU
- 431080022030
Description
This exceptional 24,000 sq ft lot in Hialeah, Florida (APN 04-3108-002-2030), presents a unique opportunity for high-density development. Located at 851 E 25th St, 33013, this fee-simple property boasts 200 feet of frontage on a major thoroughfare with daily traffic counts exceeding 27,500 vehicles. Currently zoned for rezoning as Transit-Oriented Development (TOD), this site is ideally situated near the Tri-Rail Metrorail Transfer Station and Amtrak station, fostering convenient commutes. The existing 3,002 sq ft building, historically used as a hardware store, offers flexible options for adaptive reuse or demolition. Hialeah's TOD plan encourages mixed-use development, allowing for high-rise construction (up to 10 stories) with potential for 110+ residential units and ground-floor retail. This infill site is part of a larger 300+ acre area undergoing revitalization, creating a vibrant 24-hour district. The asking price is $4,200,000. This presents a rare chance to capitalize on Hialeah's growth and the high demand for housing in this rapidly developing area. The property's strategic location and flexible zoning make it an ideal investment for developers seeking significant returns.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,756,799
- 6.5%
- $1,621,661
- 7%
- $1,505,828
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,092,404
- Geo Method
- $1,092,404
-
Alternative Use
- Use
- Valuation
- Residential
- $1,621,661
- Hospitality
- $1,485,432
- Educational
- $1,235,862
- Medical
- $1,278,366
- Retail
- $1,922,452
Location Insight
- City
- Hialeah
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.8456
- Longitude
- -80.2652
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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