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).
| MLS # | A12062666 |
|---|---|
| Listing Type | For Sale |
| Style | Hotelmotel |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1962 |
| Days On Site | 53 |
| Listing Provided By | The Canero Group | Mary Arbelaez |
| SQ Feet | 7,115 |
|---|---|
| Story(s) | 2 |
| Units | 1 |
| Building(s) | 2 |
| Zoning | 6400 |
| Acreage | 0.31 |
| Lot Features | Corner Lot |
|---|
| Parking Features | Free Parking |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Hialeah |
| Zip Code | 33010 |
| Area | 2310 |
| Listing VS Median (in 33010) | |
Price: $3,100,000 low | high Med: $4,135 sqft: 7,115 low | high Med: 17,258 $ / sqft: $436 low | high Med: $1 On site: 53 low | high Med: 39 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Hialeah |
| Zip Code | 33010 |
| Area | 2310 |
| Listing VS Median (in 33010) | |
Price: $3,100,000 low | high Med: $4,135 sqft: 7,115 low | high Med: 17,258 $ / sqft: $436 low | high Med: $1 On site: 53 low | high Med: 39 | |