8 EAST 13TH ST, Hialeah
$3,900,000 USD
Pictures
Map
Contact us
Schedule Tour
| 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 | 109 |
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.
Internet
Property added to favorites
Loan
Mortgage
Expert
Hide
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 |