355 49Th StHialeah, FL 33012

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 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.

• 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

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