491 Okeechobee Rd Hialeah, FL 33010-5350
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.
-
Hialeah Tree Service Landscaping General Contractor
-
Law Offices of Mery Lopez Law Firm
-
Garcias's Mexican Imports Importer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6600:COMMERCIAL,LIBERAL · Hialeah, FLHialeah. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.