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Hialeah Development Opportunity Near Okeechobee
For Sale
$4,900,000

131 W 5st, Hialeah, FL 33010

Prime land for multi-family development in Hialeah, nearly 45,000 SQFT.

Lot Size1.03 Acres
Days on Market80

Property Features for 131 W 5st

General Information

Standard status Active
Lot size 1.03 Acres
Property subtype Commercial
Listing Agency: Fausto Commercial Realty Consultants Inc
Listed By: Antonio Saladrigas · License #A11847788
Source: Elliman
Added: May 12 Changed: Jul 10 Last Checked: Jul 29 at 6:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc

Investment Insights

Based on property information with market context.

This is a development opportunity consisting of multiple properties totaling almost 45,000 square feet. It is located in Hialeah, right off W. Okeechobee. The site is suitable for multi-family development, offering a canvas for developers to create a residential or mixed-use building. The location has strong growth potential. Currently, the properties generate income from 21 units on 3 of the properties. The location has a walk score of 85, indicating it is very walkable, a bike score of 53, indicating it is bikeable, and a transit score of 44, indicating some transit options are available.

Key Highlights

  • Prime development opportunity with nearly 45,000 SQFT of land.
  • Ideal for multi‑family development.
  • Excellent location in Hialeah, off W. Okeechobee.

Property Analytics

Current Use

Hialeah airport hotel Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Gym & Fitness Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,725
Businesses Nearby

Demographics for 33010, FL

43,902
Population
16,456
Households
2.7
Avg Household Size
48
Median Age
20%
College-Educated
71%
High-School Grad
4.3 sq mi
ZIP Area
10,210
Density / Sq Mi
$45,449
Median Household Income
$30,466
Median Earnings
$1,318
Median Rent
$346,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Prime land for multi-family development in Hialeah, nearly 45,000 SQFT.
Where is this commercial land located?
The property is located at 131 W 5st Hialeah, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Prime development opportunity with nearly **45,000 SQFT of land**.; Ideal for multi‑family development.; Excellent location in Hialeah, off W. Okeechobee.
More about this property
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