4890 2Nd LnHialeah, FL 33012

Property Details for 4890 2Nd Ln

Year built

1953

Construction

CONCRETE

Lot size

0.15 AC

Property size (Sq ft)

1,384 SF

Zone code

4800:PLANNED RESID OFFICE

Property type

Office properties

Property subtype

Office buildings

APN

04-3106-062-0150

APU

431060620150

Description

This 1,375 square foot medical office building in Hialeah, Florida, is offered for sale at $975,000. Built in 1953 and situated on a lot with unspecified square footage, the property boasts five exam rooms, a break room, and a full bathroom. Recent renovations include new flooring, baseboards, paint, doors, and a washer and dryer. A significant upgrade was the installation of a 5-ton Trane AC unit in 2022. All updates adhere to Hialeah city codes, encompassing termite fumigation, electrical improvements, a new trash enclosure, landscaping enhancements, and an asphalt parking area with handicap accessibility. The property enjoys a highly advantageous location on a main road with a daily traffic count of 41,500 vehicles. Zoned RO-Planned Residential Office, the building is ideally suited for a wide range of professional services, including medical practices, legal offices, and various other business types operating within an office setting. This turnkey opportunity presents a ready-to-occupy space for immediate operation, eliminating the need for extensive renovations or upgrades. The property's prime location and recent improvements make it an attractive investment for those seeking a well-maintained and functional office space in a high-traffic area. The address is 4890 W 2nd Lane, Hialeah, FL 33012.

• CAP approach

  CAP return

  Valuation

  6%

  $392,398

  6.5%

  $362,214

  7%

  $336,341

• Comparable approach

  Method

  Valuation

  Relative Method

  $195,199

  Geo Method

  $195,199

• Alternative Use

  Use

  Valuation

  Residential

  $449,145

  Hospitality

  $411,415

  Educational

  $342,292

  Medical

  $354,064

  Retail

  $532,454

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8665

Longitude

-80.2882

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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