22
See all 22 photos
$3,900,000
Est. payment /mo
7,115 SqFt
New
8 E 13th St Hialeah, FL 33010
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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 $548
MLS Listing ID A11795651
HOA Y/N No
Year Built 1962
Annual Tax Amount $24,468
Tax Year 2024
Lot Size 0.310 Acres
Property Sub-Type Hotel/Motel
Property Description
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.
Location
State FL
County Miami-dade
Area 31
Direction Please use your favorite GPS app.
Interior
Heating Window Unit, Wall Furnace
Cooling Wall/Window Unit(s)
Exterior
Total Parking Spaces 18
Private Pool Yes
Building
Sewer Public Sewer
Water Public
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/A11795651
Listed by The Canero Group
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