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Office

491 E Okeechobee Rd

491 E Okeechobee Rd, Hialeah, FL 33010

Listing Price: $2,397,000

Cap Rate
0.25%
Gross SF
6,189
Rentable SF
6,189
Price/Gross SF
$387.30
Lot Size
0.31 acres
Year Built
1949

Investment Overview

Marcus & Millichap is proud to present 491 E Okeechobee Road, a two-story mixed-use office, apartment, and retail building located in Hialeah, Florida. The property was built in 1949 and has been exceptionally maintained throughout current ownerships tenure. The building consists of 6,189 square feet of rentable area situated on 0.31 acres of land. The property is located on East Okeechobee Road, with approximately 130 feet of frontage and South East 5th Avenue, with approximately 160 feet of frontage. This asset sits at the intersection of two major transit corridors, with a combined traffic count of over sixty thousand vehicles a day, and provides easy access to all major markets in Miami Dade County. The majority of tenants include professional services and a retail tenant catering to the community. As a corner unit, the property offers a strong upside in both rent income and occupancy for future retail or office rentals. The property has four fully leased apartment units. The Subject is zoned BU-3 (Liberal Business Use Zoning District) which allows for a variety of permitted uses: large-scale commercial developments, wholesale distribution, mechanical garages and used car lots use.

Investment Highlights

  • Two-story mixed-use office, apartment, and retail building located in Hialeah
  • The building consists of 6,189 square feet of rentable area
  • approximately 160 feet of frontage

Exclusively Listed By

Financing By

Office

491 E Okeechobee Rd

Listing Price: $2,397,000

Cap Rate
0.25%
Gross SF
6,189
Rentable SF
6,189
Price/Gross SF
$387.30
Lot Size
0.31 acres
Year Built
1949

Investment Highlights

  • Two-story mixed-use office, apartment, and retail building located in Hialeah
  • The building consists of 6,189 square feet of rentable area
  • approximately 160 feet of frontage

Investment Overview

Marcus & Millichap is proud to present 491 E Okeechobee Road, a two-story mixed-use office, apartment, and retail building located in Hialeah, Florida. The property was built in 1949 and has been exceptionally maintained throughout current ownerships tenure. The building consists of 6,189 square feet of rentable area situated on 0.31 acres of land. The property is located on East Okeechobee Road, with approximately 130 feet of frontage and South East 5th Avenue, with approximately 160 feet of frontage. This asset sits at the intersection of two major transit corridors, with a combined traffic count of over sixty thousand vehicles a day, and provides easy access to all major markets in Miami Dade County. The majority of tenants include professional services and a retail tenant catering to the community. As a corner unit, the property offers a strong upside in both rent income and occupancy for future retail or office rentals. The property has four fully leased apartment units. The Subject is zoned BU-3 (Liberal Business Use Zoning District) which allows for a variety of permitted uses: large-scale commercial developments, wholesale distribution, mechanical garages and used car lots use.

Exclusively Listed By

Financing By

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