491 Okeechobee Rd Hialeah, FL 33010-5350
- Retail residential properties
- 6,252 SF
- 0.31 lot acres
Current Use by Public Records
- Hialeah Tree Service / Tree Service
- Law Offices of Mery Lopez / Real Estate Attorney / Estate Planning Attorney
- Garcias's Mexican Imports / Importer
Property Details for 491 Okeechobee Rd
- Year built
- 1947
- Construction
- CONCRETE
- Lot size
- 0.31 lot acres
- Property size
- 6,252 SF
- Zone code
- 6600:COMMERCIAL,LIBERAL
- Property type
- Retail residential properties
- APN
- 04-3120-005-1320
- APU
- 431200051320
Description
This exceptional mixed-use building, located at 491 E Okeechobee Rd in Hialeah, Florida, presents a lucrative investment opportunity. Built in 1947, the property boasts a prime corner location offering high visibility and significant street frontage, ideal for attracting customers and tenants. The asking price is $1,999,999. The building features a solid structure with ample parking both in front and in the rear, providing convenient access for residents and patrons. A gated and fenced side and rear yard enhances security and privacy. The property's income-producing residential units upstairs offer stable rental income, while the downstairs commercial space presents versatile options. The east end corner unit is well-suited for a cafeteria or restaurant, while additional commercial spaces are available for lease. This property is perfect for an owner-operator seeking to combine residential rental income with their own business, or for an investor looking for a strong return on investment. The building's location in Miami-Dade County, with its high traffic volume, ensures excellent exposure for any commercial venture. This is a rare opportunity to acquire a well-maintained, income-generating property in a thriving area. The property's combination of residential and commercial space offers flexibility and potential for significant growth. Don't miss this chance to own a piece of Hialeah's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,325,000
- 6.5%
- $1,335,000
- 7%
- $1,280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,250,000
- Geo Method
- $1,455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,075,000
- Retail
- $1,195,000
- Mixed-Use
- $1,270,000
- Hospitality
- $1,350,000
- Educational
- $1,075,000
- Residential Income
- $1,300,000
- Energy
- $1,355,000
- Income-Based Land
- $1,005,000
- Food Service
- $1,150,000
Location Insight
- Map
- Local Demand
- City
- Hialeah
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2712
- Latitude
- 25.8162
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
