Listed by Franklin Street
$9,995,000
50K+ SQFT Hialeah Dev | Prime Hard Corner | 1.75M Pop
Details
APN 04-3001-001-0120, 04-3001-013-1400, 04-3001-013-1410, 04-3001-013-1420
Property Type Retail, Multifamily
Sub Type QSR/Fast Food, Storefront
Square Footage 50,664
Net Rentable (SqFt) 5,959
Units 1
Tenancy Vacant
Brand/Tenant 7-Eleven, Chase Bank
Price per SqFt $197
Price Per Acre $8,577,586
Broker Co-Op No
Class A
Year Built 1959
Year Renovated 2012
Buildings 1
Stories 1
Acreage 1.160
Zoning C-1
Parking Spaces 35 spaces
Parking Per SqFt 0.69
Investment Type Redevelopment
Ownership Fee Simple
1.16 AC Former Bank with Drive-Thru & QSR with Drive-Thru - Prime Hialeah Development Opportunity
Marketing description
Former Bank with Drive-Thru & QSR with Drive-Thru - Prime Hialeah Development Opportunity.
601 W 49th Street presents a rare opportunity to acquire a high-profi le trophy property at a signalized corner on one of Hialeah’s most heavily traffi cked and densely populated corridors with over 1.75 Million people within 10 miles. The property is 1.16 acres and currently has a vacant former bank building measuring 5,959 SF with double drive-thrus. Prevously, a former QSR with dedicated drive-thru occupied the hard corner as well. Strategically located along W 49th Street (SR-932), the Property off ers exceptional visibility, accessibility, and is primed for redevelopment. Whether for an owner-user, investor, or developer, this asset presents a tremendous opportunity in one of Miami-Dade’s most sought-after markets.
Hialeah, Florida, is a bustling city in Miami-Dade County, located about 10 miles northwest of downtown Miami. It is part of the greater Miami metropolitan area and is well-connected by major highways such as I-75, the Palmetto Expressway, and U.S. Route 27. Known for its vibrant cultural identity, Hialeah has a predominantly Hispanic population, giving it a unique blend of traditions and languages, with Spanish being widely spoken alongside English.
The city boasts a diverse economy centered around small businesses, retail, and light manufacturing. It is a key player in logistics and warehousing, thanks to its proximity to Miami International Airport and PortMiami. Healthcare is another major sector, with prominent institutions like Hialeah Hospital and Palmetto General Hospital serving as significant employers. Additionally, Hialeah benefits from spillover tourism from Miami, with attractions like the historic Hialeah Park Racing & Casino drawing visitors.
Hialeah's affordable housing and vibrant commercial districts make it an attractive place for working-class families and entrepreneurs. The city fosters business growth while maintaining its rich cultural heritage. With a bilingual labor force and thriving industries in construction, food service, and transportation, Hialeah plays a vital role in the economic fabric of Miami-Dade County.
Investment highlights
- Hialeah, Florida, boasts a prime location just 10 miles Northwest of downtown Miami, with easy access to major highways, Miami International Airport, and Port Miami
- Hialeah, Florida, is one of the most densely populated cities in the state, providing a strong customer base. Additional housing needed in the heart of the workforce
- The LA Fitness that is shadow to our center and gets more than 636k visitors a year and ranks SECOND in the state of Florida and ranks 30th out of 511 nationwide
- The Walmart Neighborhood Market - Over $1.3 million visitors anually and ranks 4th out of 97 in the state of Florida and 71st out of 674 stores nationally
- Palm Springs Mile - Over 6.1 million visits yearly Ranks 1st out of 58 Power Centers in the state. Ranks 26th/844 Nationwide
- Westland Mall – Over 5.1 million annual visits yearly Major retailers like Macy’s, Footlockers, Outback and Hobby Lobby, H&M all rank in the top 3 of those retailers in the state. This mall ranks 17th out of 39 Super Regional Malls in the state of Florida and 262/500 nationwide
- C-1 Zoning allows for many commercial uses. The City of Hialeah has encouraged mixed-use development a allowing up to 70-units per acre (or up to 100 units per acre if project includes affordable housing)
Listing Contacts
Listed by Franklin Street
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
