UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 20,983 sqft
Price per Sqft $250
MLS Listing ID A12025448
HOA Y/N No
Year Built 1959
Lot Size 0.797 Acres
Property Sub-Type Industrial
Property Description
The ±20,983 SF building sits on a ±34,718 SF (0.79 acre) corner lot with three grade level doors, on site parking, and Light Industrial (7100) zoning. Supports a wide range of operational uses including warehousing, distribution, light manufacturing, and storage.
Built in 1959, with 19 foot ceilings, 3 phase power, one interior loading dock well, and 3 street level access doors. The property is currently vacant, with the prior tenant having recently vacated. With a 40 year structural recertification recently completed and strong owner user or value add potential, the property is priced to align with the lower end of active comparable assets per building SF in this rapidly tightening submarket.
The site also presents a compelling redevelopment opportunity, with the ability to build up to 50 residential units across up to 8 floors, making this an ideal target for developers and investors looking to capitalize on Hialeah's continued residential growth.
Location
State FL
County Miami-dade
Area 31
Zoning 7100
Exterior
Private Pool Yes
Others
Tax ID 04-31-17-000-0145
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12025448
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