8 E 13th St, Hialeah, FL 33010

$3,100,000

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List Price
$3,100,000
MLS#
A12062666
Status
ACTIVE
Type
Commercial

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).

Additional Information

Days on Market
41
Water Access
Building & Land, Fixtures, Furniture
Parcel Number
04-31-18-003-1810
Lot Size
13,500
Address
8 E 13th St, Hialeah
Year Built
1962
Section
18

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Calculator source: Real Geeks

Listing Courtesy of The Canero Group, Contact: