8 E 13th St - Hospitality FOR SALE


Hialeah, FL 33010- Hialeah Acres
$3,900,000 USD
305-444-5004
8 E 13th St, Hialeah, FL for Sale
$3,900,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

8 E 13th St
Hialeah, FL 33010
Hialeah Acres


OVERVIEW

Compelling investment opportunity to acquire Palm Avenue Motel, featuring 23 rooms in the sought after city of Hialeah. This exclusive offering allows investors a unique entry into Miami’s thriving tourism industry. Located on the vibrant Palm Avenue, the motel presents significant income growth potential through guest room renovations and optimized pricing strategies. Having a C-2- liberal zoning may provide an opportunity to redevelop. The building directly behind developed a 30 unit residential tower with rents around $1,600+ for a 1/1. Within walking distance to the City of Hialeah and public transportation. Close to airport, Miami Beach, Miami Springs, Wynwood and downtown Miami.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$548 USD /SF

# OF ROOMS

30

PRICE/ROOM

$130,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Avenue Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1962

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C-2, Hialeah

APN/PARCEL ID

04-3118-003-1810

ASK ABOUT THIS PROPERTY

Mary ArbelaezThe Canero GroupMore Info
305-444-5004

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Mary ArbelaezThe Canero GroupMore Info
305-444-5004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.