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Land in Hialeah, FL 33010Seminola City, 765 W 23rd St
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OFF MARKET
$1,500,000
Beds
0.5
Acre$3,000,000
$/AcreEntry-Level Land
This property presents an excellent opportunity for leveraging the Live Local Act program, given its prime location just 0.5 miles from the Okeechobee Metro Rail station, which includes an eight-story development. The site is strategically situated adjacent to a public school on the east side and bordered by an industrial site to the north. Potentially zoned for 70 units per acre under Neighborhood Business District (NBD) regulations, the property can accommodate up to 35 units. Currently generating $6,500 per month from two fully rented structures (3/1, 3/2, and 1/1 units), the highest and best use of this property is the land. Benefit from ongoing rental income during the development process.
MLS Number: A11654093
On Site: 746 Days
Updated: 621 Days ago
Page Views: 0
Features
All features
- Property SqFt: 21780
- Remarks: This property presents an excellent opportunity for leveraging the Live Local Act program, given its prime location just 0.5 miles from the Okeechobee Metro Rail station, which includes an eight-story development. The site is strategically situated adjacent to a public school on the east side and bordered by an industrial site to the north. Potentially zoned for 70 units per acre under Neighborhood Business District (NBD) regulations, the property can accommodate up to 35 units. Currently generating $6, 500 per month from two fully rented structures (3/1, 3/2, and 1/1 units), the highest and best use of this property is the land. Benefit from ongoing rental income during the development process.
- Internet Remarks: This property presents an excellent opportunity for leveraging the Live Local Act program, given its prime location just 0.5 miles from the Okeechobee Metro Rail station, which includes an eight-story development. The site is strategically situated adjacent to a public school on the east side and bordered by an industrial site to the north. Potentially zoned for 70 units per acre under Neighborhood Business District (NBD) regulations, the property can accommodate up to 35 units. Currently generating $6, 500 per month from two fully rented structures (3/1, 3/2, and 1/1 units), the highest and best use of this property is the land. Benefit from ongoing rental income during the development process.
- Waterfront: No info
- Directions: South
- Days on Market: 111
- Compass Point: W
- Office Name: Trustpoint Realty, LLC.
- Area: 21780
- Taxes: 5151
- Tax Year: 2023
- Listing Date: 2024-09-05T13:53:02.000-00:00
- Lot Size Square Feet: 21780
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
09/05/2024
Listed
$1.5M
$69 ft2
$741 m2
09/05/2024
$1.5M
Event
Listed
Price Per
$69 ft2
$741 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Joseph Suarez • Trustpoint Realty, LLC. • Buyer Agency Compensation .
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Scores
80
100
53
100
51
100
75
100
0
100
32
100
3
100
Community Snapshot
3 – 4 BR
Bedrooms
$615K – $1.8M
Price Tier
720 - 2,784
SqFt Range
1982
Year Build
2
Total Floors
202
Total Units
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- Centro Condo1
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- Countryside Village Condo1
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- El Prado Condo3
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- El Pueblo De Vera Condo1
- El Sol Condo1
- Espana Villas Townhouse0
- Five Arches Condo0
- Flamenco Condo0
- Flamingo Condo0
- Flamingo Estates House1
- Flamingo Villas Condo0
- Fontana Point Condo0
- Fountain Square Park Townhouse0
- Geomara Gardens Condo0
- Gladeville House0
- Golden Gate Condo0
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- International Condo3
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- La Hacienda Country Club Of Miami Condo2
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- Laguna Tropical Condo0
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- Mediterranean Villas Condo0
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- Mirassou Condo1
- Montego Bay Condo0
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- Morada 1 Condo0
- Morada 2 Condo0
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