Seminola City, 765 W 23rd St Hialeah, 33010

$1,500,000Price
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MLS Number: A11654093
On Site: 77 Days
Updated: 27 Days ago
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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.
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Property SqFt: No info
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: 35
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
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Price History
09/05/2024

Date

Listed

Event

$1.5M

Price

$∞ ft2 / $∞ m2

Price Per

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 .

Instant Comparative Market Analysis
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Unit 765 W 23rd St – Asking

$NaN/ft²

(0%) from Closed Medium $/ft²

Closed Medium $/ft²

$530/ft²
Community $/Price Range (Closed) $530/ft² – $530/ft²
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