USD 1,250,000

1366 Palm Ave
Hialeah, Florida 33010

For Sale

Property Description

Corner retail strip center in the heart of Hialeah. On busy Palm Avenue. Located within Hialeah Downtown Urban District. Zoned C-2 Commercial/Residential with redevelopment potential for retail residential mixed use.
Just south of Hialeah Casino Race Track, a few minutes to Hialeah Hospital and Okeechobee Road. Hialeah is the second largest city in Miami-Dade with a strong middle class base. Always fully rented, has not had a vacancy in 20 years. Rents are low and can be increased, as tenants have been there many years. Originally divided into 6 stores but currently has three tenants as follows. Laundry has three spaces, Beauty Salon has two spaces and Cargo business has one space. Building has passed 50 yrs certification. NOI approximately $60,000 and cap rate approximately 4.5%.

Listed by Citadel Realty

Property Details

ID #
A10829016
Status
Sale
Type
Commercial, Industrial, Retail
Zip Code
33010
Building Area
4,199ft2
Year Built
1953
Parking Spaces
20
Building Feature
Air Conditioning
Floor
Concrete Floors
Occupancy
Tenant Occupied
Parking
Common Parking
Road Frontage
City Road
Storm Protection
Complete RollDown Shutters
Type of Building
Shopping Center, Strip Store
Zoning Information
6400

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