355 49th St Hialeah, FL 33012-3715
- Office buildings
- 1,388 SF
- 0.29 lot acres
Current Use by Public Records
- Carrera Insurance / Insurance Agency
- Robert Sanchez Pa / Attorney
- The Bankruptcy Clinic / Divorce Lawyer / Bankruptcy Attorney
- Bankruptcy Clinic / Bankruptcy Service
- Sanchez Bancarrota Accidentes / Attorney
Property Details for 355 49th St
- Year built
- 1952
- Construction
- CONCRETE
- Lot size
- 0.29 lot acres
- Property size
- 1,388 SF
- Zone code
- 4800:PLANNED RESID OFFICE
- Property type
- Office buildings
- APN
- 04-2131-031-1470
- APU
- 421310311470
Description
This 1,388 sq ft executive/medical/traditional office building in the heart of Hialeah, Florida (33012), is offered at $1,999,999. Built in 1952 and extensively renovated in 2020, the property boasts a new roof and features a lobby, two offices, a bathroom, and storage space. The single-story building sits on a 100 x 128 sq ft lot and includes 18 parking spaces with handicap accessibility. Complete architectural plans for a substantial 3,600 sq ft addition and remodel are included, currently under approval. The property benefits from a special use permit for medical overnight clinical trials and has been rezoned B1, allowing for a multitude of commercial uses. The building is currently vacant. Owner financing may be available with a 50% down payment. A monthly rental option of $5,000 is also being considered. This is a fantastic opportunity for a business seeking a high-visibility location with ample parking and expansion potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,175,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,155,000
- 6.5%
- $1,185,000
- 7%
- $1,055,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $915,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,225,000
- Retail
- $1,220,000
- Mixed-Use
- $1,095,000
- Hospitality
- $1,120,000
- Educational
- $1,010,000
- Residential Income
- $1,015,000
- Energy
- $1,355,000
- Income-Based Land
- $1,310,000
- Food Service
- $1,075,000
Location Insight
- Map
- Local Demand
- City
- Hialeah
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2897
- Latitude
- 25.867
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA