Strategically situated in the central hub of dynamic Hialeah, this ensemble of four contiguous lots, aggregating to over an acre, represents a compelling prospect for development within the city. With Hialeah's ongoing expansion and the availability of incentives like Miami-Dade County's Urban Development Boundary (UDB), Hialeah's Neighborhood Business District (NBD) Overlay, and Florida's recent LiveLocal legislation, the landscape of Miami is poised for a transformative shift.
To embark on a residential project under LiveLocal guidelines, a crucial step involves converting the land use to Commercial. This modification opens the door to potential construction under either LiveLocal or Neighborhood Business District (NBD) regulations, boasting density incentives of up to 70 units per acre. For those eyeing a market-rate multifamily development, a similar land use conversion to commercial or Medium Density Residential is essential.
Presently, the property comprises four distinct buildings. While 4930 Palm Ave is presently home to a law office, the remaining structures at 21 W 49, 49 W 49, and 99 W 49 await their newest tenants. These three buildings have been professionally configured for medical office use, catering to a diverse range of practices. Own a piece of Hialeah's thriving future! This prime development opportunity awaits.
Total Size of ALL 4 Lots: 58,046 SqFt
Zoning - RO 4800 Planned Residential Office
4930 Palm Beach
Building Size: 2,356 SqFt
Lot Size: 12,296 SqFt
Zoning - RO 4800
21 W 49 ST
Building Size: 1,805 SqFt
Lot Size: 13,250 SqFt
Zoning - RO 4800
49 W 29 ST
Building Size: 4,289 SqFt
Lot Size: 18,50 SqFt
Zoning - RO 4800
99 W 49 ST
Building Size: 2,006 SqFt
Lot Size: 13,750 SqFt
Zoning - RO 4800
Fausto Commercial Realty
1761 W Flagler St. Miami, FL 33135
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