355 49Th StHialeah, FL 33012
- Office properties
- 1,388 SF
Property Details for 355 49Th St
- Year built
- 1952
- Construction
- CONCRETE
- Lot size
- 0.29 AC
- Property size (Sq ft)
- 1,388 SF
- Zone code
- 4800:PLANNED RESID OFFICE
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 04-2131-031-1470
- APU
- 421310311470
Description
This 1,388 sq ft executive/medical/traditional office building in the heart of Hialeah, Florida (33012), is offered at $1,999,999. Built in 1952 and extensively renovated in 2020, the property boasts a new roof and features a lobby, two offices, a bathroom, and storage space. The single-story building sits on a 100 x 128 sq ft lot and includes 18 parking spaces with handicap accessibility. Complete architectural plans for a substantial 3,600 sq ft addition and remodel are included, currently under approval. The property benefits from a special use permit for medical overnight clinical trials and has been rezoned B1, allowing for a multitude of commercial uses. The building is currently vacant. Owner financing may be available with a 50% down payment. A monthly rental option of $5,000 is also being considered. This is a fantastic opportunity for a business seeking a high-visibility location with ample parking and expansion potential.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $393,532
- 6.5%
- $363,261
- 7%
- $337,314
-
Comparable approach
- Method
- Valuation
- Relative Method
- $195,764
- Geo Method
- $195,764
-
Alternative Use
- Use
- Valuation
- Residential
- $450,443
- Hospitality
- $412,604
- Educational
- $343,281
- Medical
- $355,087
- Retail
- $533,993
Location Insight
- City
- Hialeah
- County
- Miami-dade
- State
- Florida
- Latitude
- 25.867
- Longitude
- -80.2897
- 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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