Hialeah Commons FOR SALE


Hialeah, FL - Hialeah Acres
$5,500,000 USD
786-378-1850
, Hialeah, FL for Sale
$5,500,000 USD
FOR SALE
1/9
null | 5.17% Cap Rate

Hialeah Commons
Hialeah, FL
Hialeah Acres


HIGHLIGHTS

  • A strategic six-lot land assembly totaling 44,750 sq. ft. (1.03 acres) in a prime Hialeah location.
  • Generates over $400,000 in gross annual income from 21 existing units, creating a "covered land play" that covers costs during the planning phase.
  • Two Distinct High-Density Paths: Florida's LiveLocal Act or the City of Hialeah's local NBD Overlay Incentive Program. (No lengthy rezoning process)
  • LiveLocal Act: Maximum Entitlement: 128 residential units and a maximum height of 15 stories.

OVERVIEW

Excellent development opportunity in the heart of Hialeah. This six-lot, 44,750 SF assembly is strategically located just off W. Okeechobee. It's an ideal covered land play, featuring three multi-family buildings with 21 units that generate a gross annual income of over $400,000. Notably, this income is produced by the existing structures on just three of the six lots; the remaining three lots are vacant. This significant cash flow allows a developer to collect income and cover costs while navigating the entitlement and planning stages for a future project. The site is primed for high-density construction, with powerful incentives available through Hialeah's Neighborhood Business District (NBD) overlay and Florida's LiveLocal Act.

ASK ABOUT THIS PROPERTY

Tony SaladrigasFausto Commercial Realty ConsultantsMore Info
786-378-1850

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Tony SaladrigasFausto Commercial Realty ConsultantsMore Info
786-378-1850

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.