157 W 5th St Land/Development
  • Asking Price
    $5.5MAsking Price
  • Acres
    ~1.03 acAcres
  • Size
    9,186 SFSize
  • City
    HialeahCity
  • Price/Acre
    $5.3MPrice/Acre
  • Price/Unit
    $262KPrice/Unit

Description

157 W 5th St – 1.03 AC Land is a land offering at 157 W 5th St in Hialeah, FL 33010. The 1.03 acres and identified highest and best use of multifamily / mixed-use development position the Property for a development buyer.

The site is just off W. Okeechobee, an access point that matters when planning how a future project will meet the street. The listing also carries a size of 9,186 SF. For a developer, the acreage establishes the scale of the land offering, while the stated multifamily / mixed-use highest and best use provides a direction for project planning. The address and access description give a buyer a starting point for examining site layout and circulation in relation to the intended project, without treating a particular design as part of the offering.

The asking price is $5,500,000, with pricing also expressed as $5,339,805 per acre, $598.74 PSF and $261,904 per unit. Those measures give buyers different ways to frame the acquisition against their own development plans; they do not substitute for a project-specific design or underwriting. This is a sale for a buyer focused on bringing a multifamily or mixed-use concept to the Hialeah site, with the land area, access and asking price defining the acquisition opportunity.

Offering Summary

  • Asking Price
    $5,500,000
  • Price PSF
    $598.74
  • Price/Unit
    $261,904
  • Price/Acre
    $5,339,805
  • Property Type
    Land/Development
  • Size
    9,186 SF
  • Total Acres
    ~1.03 ac

Documents

Property Address

157 W 5th St
Hialeah, FL 33010

Property Details

  • Property Type
    Land/Development
  • Acres
    1.03
  • Access Frontage
    Just off W. Okeechobee
  • Highest & Best Use
    Multifamily / Mixed-Use Development

Deal Team

Tony Saladrigas profile image

Tony Saladrigas

Fausto Commercial
FL RE Lic. SL3502121