573 27Th St Hialeah, FL 33010
- Manufacturing properties
- 7,931 SF
- 0.23 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 573 27Th St
- Year built
- 1963
- Construction
- CONCRETE
- Lot size
- 0.23 lot acres
- Property size
- 7,931 SF
- Zone code
- 7100:INDUSTRIAL,LIGHT MFG
- Property type
- Manufacturing properties
- APN
- 04-3012-015-0106
- APU
- 430120150106
Description
This exceptional investment opportunity presents a 7,931 square foot warehouse located at 573 W 27th St, Hialeah, FL 33010. The property, built in 1963 and situated on a 0.233-acre lot, consists of a single-story building with four individual units, currently leased to multiple tenants under a gross lease agreement. Each unit enjoys four parking spaces. The current lease terms are one-year, with two years remaining on the current agreements. The property boasts a strong net operating income (NOI) of $116,981, resulting in a 5.06% cap rate. The asking price is $2,600,000. The building has recently passed a 40-year city inspection. All units are currently occupied and generating below-market rents, presenting a significant opportunity for immediate cash flow and potential rental increases. This property is ideal for investors seeking a stable, high-yield investment in a prime Hialeah location. Lease renewal options are available. The property is zoned for commercial use, offering further potential for development or expansion. This is a rare chance to acquire a well-maintained, multi-tenant warehouse with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hialeah
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2937
- Latitude
- 25.8465
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
