49 49Th StHialeah, FL 33012

This exceptional 58,046 square foot development opportunity in the heart of Hialeah, Florida, presents a compelling investment prospect. Comprising four contiguous lots located at 49 W 49th St, 33012, this property is ideally positioned to capitalize on Hialeah's significant growth trajectory. Currently zoned RO (Residential Office), the site offers considerable potential for rezoning to B-1 Highly Restricted Retail, unlocking a diverse range of development possibilities, including office, retail, and service businesses. Alternatively, leveraging Florida's LiveLocal legislation, a land use conversion to Commercial could facilitate the construction of up to 70 residential units per acre. The property benefits from Hialeah's strategic incentives, including the Urban Development Boundary (UDB) and Neighborhood Business District (NBD) Overlay, further enhancing its development potential. This prime location, coupled with the substantial land area and favorable zoning considerations, makes this an exceptional opportunity for investors seeking significant returns in a rapidly developing market. The asking price for this unique property is $6,500,000.