8 EAST 13TH ST, Hialeah
$3,900,000 USD
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| Address | 8 EAST 13TH ST, Hialeah |
| Building Name | Palm Avenue Motel |
| Type of Property | Hotel / Motel |
| Type of Business | Hotel / Motel |
| Price | $3,900,000 |
| Property Status | Active |
| MLS Number | A11795651 |
| Property Size | 13500 |
| Lot Size | 13500 |
| Year Built | 1962 |
| Parking Space Number | 18 |
| Folio Number | 04-31-18-003-1810 |
| Zoning Information | 6400 |
| Days on Market | 134 |
Detailed 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.
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Address Information
| State | Florida |
| City | Hialeah |
| County | Miami-Dade County |
| Zip Code | 33010 |
| Address | 8 EAST 13TH ST |
| Section | 18 |
| Zip Code (4 Digits) | 3534 |
Financial Information
| Price | $3,900,000 |
| Price per Foot | $0 |
| Folio Number | 04-31-18-003-1810 |
| Tax Amount | $24,468 |
| Tax Year | 2024 |
| Possession Information | Funding |
Full Descriptions
| Detailed 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. |
| How to Reach | Please use your favorite GPS app. |
| Cooling Description | Wall / Window Unit (s) |
| Heating Description | Wall / Window Units |
| Water Description | Public |
| Sewer Description | Public Sanitation |
Property parameters
| Living Area | 13500 |
| Lot Size | 13500 |
| Total Acreage | 0.000 |
| Zoning Information | 6400 |
| Maximum Leasable Size | 13500 |
| Year Built | 1962 |
| Type of Property | Hotel / Motel |
| Type of Business | Hotel / Motel |
| Building Name | Palm Avenue Motel |
| Construction Type | CBS Construction |
| Street Direction | East |
| Parking Space Number | 18 |
| Listed with | The Canero Group |