8 E 13th St, Hialeah, FL 33010
8 E 13th St, Hialeah, FL 33010
8 E 13th St, Hialeah, FL 33010
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William Gartin

William Gartin

+1(305) 842-6097
$3,100,000
Est. payment /mo
7,115 SqFt
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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 7,115 sqft

Price per Sqft $435

MLS Listing ID A12062666

HOA Y/N No

Year Built 1962

Lot Size 0.310 Acres

Property Sub-Type Hotel/Motel

Property Description

Strategically located on Palm Avenue, the 23-room motel presents significant income growth potential through guest room renovations and optimized pricing strategies. The motel is under performing which provides a great opportunity for investor to get a good deal. Hialeah is one of the most sought out neighborhoods for investors due to the high turnover rates. Zoned C-2-liberal can provide a possibility of building a multifamily, located directly behind the newly built Palm Avenue Lofts with rents at $1,800+ for a 1/1 (500 sqft).

Location

State FL

County Miami-dade

Area 31

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Exterior

Total Parking Spaces 18

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Others

Tax ID 04-31-18-003-1810

Security Features Fenced

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12062666

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by The Canero Group

NEARBY SCHOOL & BUSINESS

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William Gartin

William Gartin

+1(305) 842-6097

Agent | License ID: 3422133

Agent License ID: 3422133

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