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- HOME ESTIMATE
8 E 13th St Property Highlights
- MLS# : A11795651
- Listing Type : Commercial
- Development : Palm Avenue Motel
- Days on Market : 67
- Status : Active
- Total Area : 7,115 sqft ($549/sqft)
- Year Built : 1962
- Property Type : Hotel/Motel/Hospitality
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Property Details
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.
General Information
- Cooling: Wall/Window Unit(s)
- Security: Security Fence
- Heating: Wall Furnace
- Total Building Sqft: 7,115
Fees and Taxes
- Tax Amount: $24,468
- Tax Year: 2024
Listing Courtesy of The Canero Group.
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