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 | Active |
| Year | 1962 |
| Days On Site | 20 |
| Listing Provided By | The Canero Group | Mary Arbelaez |
| SQ Feet | 7,115 |
|---|---|
| Story(s) | 2 |
| Units | 23 |
| Building(s) | 2 |
| Zoning | 6400 |
| Acreage | 13500.00 |
| Parking Features | Accessible Parking, Free Parking |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Hialeah |
| Zip Code | 33010 |
| Area | 31 |
| Listing VS Median (in 33010) | |
Price: $3,100,000 low | high Med: $5,000 sqft: 7,115 low | high Med: 2,000 $ / sqft: $436 low | high Med: $3 On site: 20 low | high Med: 54 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Hialeah |
| Zip Code | 33010 |
| Area | 31 |
| Listing VS Median (in 33010) | |
Price: $3,100,000 low | high Med: $5,000 sqft: 7,115 low | high Med: 2,000 $ / sqft: $436 low | high Med: $3 On site: 20 low | high Med: 54 | |
![]() | $110,0001262 Palm AvenueHialeah, FL 33010 |
![]() | $110,0001262 Palm AveHialeah, FL 33010 |