4930 Palm Ave Active

Hialeah,FL 33012

$ 6500000

- Bed

0 Bath

2185 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,185 sqft

Price per Sqft $2,974

MLS Listing ID A11667845

Year Built 1952

Annual Tax Amount $14,330

Lot Size 0.282 Acres

Property Description

Located in the heart of Hialeah, this property consists of four contiguous lots totaling 58,046 sqft, offering a prime opportunity for development. With Hialeah's growth and incentives like the Urban Development Boundary (UDB), Neighborhood Business District (NBD) Overlay, and Florida's LiveLocal legislation, the area is ready for transformation. To develop residential units under LiveLocal, a land use conversion to Commercial is needed, enabling construction of up to 70 units per acre. Currently zoned as RO (Residential Office), the property has potential for rezoning to B-1 Highly Restricted Retail, which supports a wide range of office, retail, and service businesses.

Location

State FL

County Miami-dade

Area 21

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