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955 SE 12th St - Hialeah MF Development Site 1.14 Acres of Commercial Land Offered at $6,100,000 in Hialeah, FL 33010
Investment Highlights
- 1.14-Acre TOD-Zoned Development Site in Hialeah With a Max Permitted Density of 125 Units/Ac, Potential to Accommodate up to 142 Residential Units
- Existing Site Plan History & Prior Municipal Approvals Significantly Reduce Entitlement Risk & Can Accelerate Dev. Timeline for Future MF Project
- Proximity to the Hialeah Market Tri-Rail Station, Permitting Significantly Greater Residential Density Than Conventional Multifamily Zoning in Hialeah
- Adjacent to Miami International Airport, Doral’s Corporate Office Market, and Major Logistics, Distribution, and Healthcare Employment Centers
Executive Summary
A prime, 1.14 acre corner parcel in the heart of Hialeah, zoned for development of up to 142 multifamily apartments.
Property Facts
| Price | $6,100,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 1.14 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | TOD - TOD regulations is to focus on development around high-quality transit in order to increse ridership and decrease automobile use. | ||
| Price | $6,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 1.14 AC |
| No. Stories | 1 |
| Zoning | TOD - TOD regulations is to focus on development around high-quality transit in order to increse ridership and decrease automobile use. |
1 Lot Available
Lot
| Price | $6,100,000 | Lot Size | 1.14 AC |
| Price Per AC | $5,350,877.19 |
| Price | $6,100,000 |
| Price Per AC | $5,350,877.19 |
| Lot Size | 1.14 AC |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 04-3120-025-0100 | Improvements Assessment | $2,618,750 |
| Land Assessment | $1,533,250 | Total Assessment | $4,152,000 |
Property Taxes
Parcel Number
04-3120-025-0100
Land Assessment
$1,533,250
Improvements Assessment
$2,618,750
Total Assessment
$4,152,000
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