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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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$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

Zoning 6400

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 Locations

Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL 33331

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8 E 13th St