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Hialeah Commons 6 Properties Offered at $5,500,000 in Multiple Locations
Investment Highlights
- A strategic six-lot land assembly totaling 44,750 sq. ft. (1.03 acres) in a prime Hialeah location.
- Two Distinct High-Density Paths: Florida's LiveLocal Act or the City of Hialeah's local NBD Overlay Incentive Program. (No lengthy rezoning process)
- Generates over $400,000 in gross annual income from 21 existing units, creating a "covered land play" that covers costs during the planning phase.
- LiveLocal Act: Maximum Entitlement: 128 residential units and a maximum height of 15 stories.
Executive Summary
Excellent development opportunity in the heart of Hialeah. This six-lot, 44,750 SF assembly is strategically located just off W. Okeechobee. It's an ideal covered land play, featuring three multi-family buildings with 21 units that generate a gross annual income of over $400,000. Notably, this income is produced by the existing structures on just three of the six lots; the remaining three lots are vacant. This significant cash flow allows a developer to collect income and cover costs while navigating the entitlement and planning stages for a future project. The site is primed for high-density construction, with powerful incentives available through Hialeah's Neighborhood Business District (NBD) overlay and Florida's LiveLocal Act.
Property Facts
| Price | $5,500,000 | Number of Properties | 6 |
| Price / SF | $403.49 / SF | Individually For Sale | 0 |
| Cap Rate | 5.17% | Total Building Size | 13,631 SF |
| Sale Type | Investment | Total Land Area | 0.93 AC |
| Status | Active |
| Price | $5,500,000 |
| Price / SF | $403.49 / SF |
| Cap Rate | 5.17% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 13,631 SF |
| Total Land Area | 0.93 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Corner Lot | Land | 0.15 AC | - | - |
|
157 W 5th St
157 W 5th St, Hialeah, FL 33010 |
Land | 0.15 AC | - | - |
|
Middle Lot 2
135 5th st, Hialeah, FL 33010 |
Land | 0.15 AC | - | - |
| 131 W 5th St, Hialeah, FL 33010 | Multifamily | 4,670 SF | 1959 | - |
| 155 W 5th St, Hialeah, FL 33010 | Multifamily | 4,525 SF | 1967 | - |
| 151 W 5th St, Hialeah, FL 33010 | Multifamily | 4,436 SF | 1960 | - |
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Contacts
-
Tony Saladrigas -
Moises Figuerora -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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Hialeah Commons
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