581 27Th St Hialeah, FL 33010
This exceptional Hialeah industrial property, located at 581 W 27th St, offers a compelling investment opportunity. The 2,000-square-foot warehouse, built in 1963 and fully renovated in 2023, boasts a single-story building on a single unit. Currently under a gross lease agreement with a tenant, the property provides a consistent cash flow with a lease term extending until September 30, 2026 (a remaining term of approximately two years). The asking price is $690,000. The property has undergone significant improvements, including a recently approved 40-year city inspection, updated electrical systems featuring three-phase electric service and over 400 amps capacity for equipment, and new electrical conduits and panels. This fully rented property presents a strong investment opportunity for buyers seeking stable income and potential for future commercial use. The property is situated in Miami-Dade County, Florida, zip code 33010. This is a single-tenant, single-building property with a lease commencement date of October 1, 2023. No tenant credit rating is available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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