Land in Hialeah, FL 33010
Seminola City, 765 W 23rd St

Own in Seminola City?

Overview Features True Comps Price History Payment Location Similar Homes

Own in Seminola City?

OFF MARKET

$1,500,000

Estimate Payment $8,014 Closing Costs

Beds

0.5

Acre

$3,000,000

$/Acre

0.5 AcresLot Size

$3,000,000/AcrePrice per acre

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.

Listing Courtesy Of: Trustpoint Realty, LLC.

Local Realty Services Provided By: Best of Luxury Realty

On Site: 779 DaysUpdated: 653 Days agoPage Views: 0

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