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20 40Th Pl Hialeah, FL 33012

Sponsored
For Sale
$1,800,000

Rezoned lot, 12 units + commercial space

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional 1.8 million dollar commercial land opportunity in Hialeah, Florida, presents a unique investment prospect. Situated at 20 W 40th Pl, 33012, this prime location is just steps from the renowned Palm Avenue, offering unparalleled accessibility and visibility. The property, recently rezoned as R-3-3 (Multiple-Family District), has received approval for a substantial development project. Plans encompass a four-story building featuring twelve residential units, a dedicated commercial space ideal for a variety of businesses, and ample parking with twenty-six spaces. The inclusion of a terrace adds to the appeal and functionality of the building design. This development presents a significant opportunity to capitalize on the growing demand for residential and commercial properties in this vibrant area of Miami-Dade County. The approved plans provide a clear pathway to construction, minimizing pre-development hurdles and accelerating the return on investment. This is a rare chance to acquire a fully permitted and ready-to-build commercial land parcel in a high-demand location. The property's strategic location and approved development plans make it an attractive investment for both experienced developers and those seeking a high-yield opportunity. The approved building plans offer a detailed blueprint for a successful project, minimizing risk and maximizing potential returns. This is a turnkey opportunity to build a profitable mixed-use development in a thriving Florida market.

Property Features for 20 40Th Pl

General Information

Property type
Land

HighLights

  • $1.8M commercial land opportunity in Hialeah, FL.
  • Located at 20 W 40th Pl, 33012, near Palm Avenue.
  • R‑3‑3 zoning (Multiple‑Family District) with approved plans for a four‑story building.
  • Development includes twelve residential units, commercial space, and 26 parking spaces.
  • Includes a terrace; ready‑to‑build with minimal pre‑development hurdles.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Hialeah
County
Miami-Dade
State
Florida
Longitude
-80.2832424
Latitude
25.8588217

FAQs

What type of property is this?
Land - Rezoned lot, 12 units + commercial space
Where is this land located?
The property is located at 20 40Th Pl Hialeah, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: $1.8M commercial land opportunity in Hialeah, FL.; Located at 20 W 40th Pl, 33012, near Palm Avenue.; R-3-3 zoning (Multiple-Family District) with approved plans for a four-story building.
More about this property
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