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%.