851 25Th StHialeah, FL 33013

  • Mixed-use properties
  • 4,997 SF
For Sale
$4,200,000 View listing

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
851 25Th St, Hialeah, Florida

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

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
$23,995
$1,800,000
$145,533
$1,945,533
-
$1,800,000
$145,533
$1,945,533

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