355 49Th StHialeah, FL 33012

  • Office properties
  • 1,388 SF
For Sale
$1,999,999 View listing

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
355 49Th St, Hialeah, Florida

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

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
$16,333
$742,400
$127,776
$870,176
-
$742,400
$127,776
$870,176

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