879-899 HIALEAH TOD SITE

879-899 E 25th Street

Hialeah, FL 33013

Status:
Under Contract
Price:
$2,600,000
Lot Size:
12,600

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

The Porosoff Group of Compass Commercial proudly presents 879-899 E 25th Street in Hialeah. The subject property consists of two folios with a total land footprint of 12,600 SF with excellent frontage sitting on the corner of the commercial corridor of E 25th Street and E 9th Avenue. There are two existing structures, a store measuring 2,840 SF and a storage facility with covered outdoor storage with an interior space measuring 1,173 SF built in 1957 and 1958.

The subject property sits in the Hialeah Transfer Station Transit Oriented Development area which went through a significant zoning change overlay. The subject property under TOD zoning is classified as “High Rise” where similar sites have been rezoned and site plan approved, allowing between 150 and 200 dwelling units per acre in a building up to 10 stories. This is a prime development site with the 1,000’s of units coming on board over the next development cycle in the submarket of Hialeah.

The City of Hialeah’s goal in the TOD zone is to create a 24-hour district where people can live, work, easily commute, and have entertainment options. 879-899 E 25th Street is a rare opportunity to acquire a well located corner development site with flexible zoning on a gentrifying retail corridor with ample public transportation. A potential development of 879-899 E 25th Street could result in up to 57 buildable units with ground floor retail.

EXCLUSIVELY LISTED BY

JOSEPH PHELPS

CRE Mixed-Use Advisor
Tel: (978) 807-3245
Joe@porosoff.com

BARBARA MONTERO

Multifamily Advisor
barbara@porosoff.com
License: FL SL3404553

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

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