For Sale

157, West 5th Street, Hialeah, United States

Miami-Dade County, FL 33010

$5,500,000

Land development
9,186 SF building
1.03 acre lot
$599/SF

Highlights

9,186 SF building on a 44,750 SF (1.03 acres) lot
Asking $599/SF

Property facts

Price: $5,500,000
Price per SF: $599/SF
Property type: Land development
Building size: 9,186 SF
Lot size: 44,750 SF (1.03 acres)

About this property

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. 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.

From the listing broker.