1366 Palm Ave

    Hialeah, FL 33010
    • $1,250,000
    • STATUS: Active
    • ON SITE: 84 days
    • MLS #: A10829016
    Price Reduced
    UPDATED: 153 min ago
    $1,250,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1953
    County:

    School Ratings & Info

    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%.

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    Copyright 2020, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2020, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2020-05-28T23:42:32.113.
    www.thepaizgroup.com/homes/103893748

    1366 Palm Ave Hialeah, FL 33010

    • Price: $1,250,000
    • Status: Active
    • Updated: 153 min ago
    • MLS #: A10829016
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1953
    Built
    County:
    Miami-Dade
    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%.
    Exterior Features

    Parking Features Common Parking Total 20 Pool Private YN No Roof Other Waterfront YN No

    Interior Features

    Building Area Total 4199 Cooling Central Individual A/C Flooring Concrete Stories Total 1

    Property Features

    Association YN No Building Name Malki Plaza Business Type Shopping CenterStrip Store Cooling YN Yes Documents Available Rent Rolls Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes Listing Terms All Cash New Construction YN No Public Survey Section 18 Senior Community YN No Special Listing Conditions Sale

    Listing courtesy of Citadel Realty.


    Copyright 2020, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2020, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2020-05-28T23:42:32.113.
     
    The Paiz Group | EWM Realty International
    1700 East Las Olas Boulevard Suite 103
    Fort Lauderdale FL, 33301