4148 8Th AveHialeah, FL 33013

Property Details for 4148 8Th Ave

Year built

1949

Construction

CONCRETE

Lot size

0.60 AC

Property size (Sq ft)

1,226 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

04-3105-010-0310

APU

431050100310

Description

This exceptional 41,920 square foot development site presents a unique investment opportunity in the vibrant city of Hialeah, Florida. Located at 4148 E 8th Ave, Hialeah, FL 33013, this property consists of three contiguous parcels, offering unparalleled flexibility for large-scale development projects. The site is zoned C-2 by the City of Hialeah, allowing for a diverse range of commercial and mixed-use developments. This zoning opens doors to various possibilities, from retail spaces and office buildings to residential complexes, catering to the growing needs of the community. The expansive area provides ample space for ambitious projects, allowing for creative design and efficient utilization of land. Furthermore, the property's strategic location within Hialeah offers excellent access to major transportation routes, ensuring convenient connectivity for residents and businesses. The potential for leveraging the SB-102 Live Local initiative adds another layer of appeal, potentially unlocking further development incentives and community engagement opportunities. With its prime location, flexible zoning, and substantial size, this development site represents a rare chance to create a significant landmark project in a thriving Florida market. The asking price for this exceptional property is $4,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $431,026

  6.5%

  $397,870

  7%

  $369,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $268,018

  Geo Method

  $268,018

• Alternative Use

  Use

  Valuation

  Residential

  $397,870

  Hospitality

  $364,447

  Educational

  $303,215

  Medical

  $313,643

  Retail

  $471,668

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8602

Longitude

-80.2671

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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