About 8 E 13th Street
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).
Features of 8 E 13th Street
| MLS® # | A12062666 |
|---|---|
| Price | $3,100,000 |
| Acres | 0.31 |
| Year Built | 1962 |
| Type | Commercial |
| Sub-Type | Hotel/Motel |
| Status | Pending |
Community Information
| Address | 8 E 13th Street |
|---|---|
| Area | 2310 |
| City | Hialeah |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33010 |
| HOPA | No Hopa |
Amenities
| Parking | Free |
|---|
Interior
| Heating | Window/Wall |
|---|---|
| Cooling | Wall/Window Unit(s) |
| # of Stories | 2 |
Exterior
| Construction | CBS |
|---|
Additional Information
| Zoning | 6400 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | The Canero Group |
|---|