1051 24Th StHialeah, FL 33013

Property Details for 1051 24Th St

Year built

1963

Construction

CONCRETE

Lot size

0.47 AC

Property size (Sq ft)

16,200 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

04-3108-002-2481

APU

431080022481

Description

This 17,200-square-foot warehouse in Hialeah, Florida, presents a compelling redevelopment opportunity. Built in 1963 and renovated in 2020, this Class B industrial property sits on a 0.47-acre lot and features 17-foot clear ceiling heights, two loading docks with four dock-high doors, and 16 parking spaces. The building boasts 1,000 square feet of dedicated first-floor office space and an additional 1,000 square feet of second-floor office or storage space. A 700-square-foot area is grandfathered for use as a paint booth. The property includes a three-phase power supply (600+ amps) and six+ restrooms. A single raceway on the west side provides additional storage. Currently vacant, except for the seller's occupancy of half the building (approximately 8,100 SF), this property offers significant potential. Located one block from the MetroMover, Tri-Rail, and Amtrak station, it benefits from its proximity to transit and is situated in a rapidly growing mixed-use market with several proposed and under-construction developments adding 1,200 units between 2025 and 2026. The zoning allows for Transit-Oriented Developments (TOD), presenting further development possibilities. The asking price is $4,300,000 ($265/SF), with a land value of $208/SF. The property is zoned 7100 and has a gross lease type. The seller is seeking a corporate guarantee.

• Alternative Use

  Use

  Valuation

  Residential

  $5,257,335

  Hospitality

  $4,815,690

  Educational

  $4,006,598

  Medical

  $4,144,391

  Retail

  $6,232,486

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8448

Longitude

-80.2608

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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