1202 4th Ave Hialeah, FL 33010-3502
- Outlet malls
- 7,772 SF
- 0.46 lot acres
Current Use by Public Records
- Havana Tobacco / Smoke Shop / Tobacco Shop
Property Details for 1202 4th Ave
- Year built
- 1972
- Construction
- CONCRETE
- Lot size
- 0.46 lot acres
- Property size
- 7,772 SF
- Zone code
- 6300:COMMERCIAL,RESTRICT
- Property type
- Outlet malls
- APN
- 04-3118-003-5220
- APU
- 431180035220
Description
This exceptional investment opportunity presents a 7,772 square foot, free-standing retail strip center located at 1202 E 4th Avenue in Hialeah, Florida. The property, situated on a prominent corner lot spanning 20,250 square feet, offers significant potential for value-add repositioning or redevelopment. Currently boasting 100% occupancy with six tenants across nine units, this Class C shopping center presents a stable income stream. The single-story building, constructed in 1972 and recently undergoing its 50-year recertification, features 37 parking spaces and gated access for tenants and visitors. The property benefits from easy ingress and egress, making it highly accessible. The zoning is B-1-Hialeah 6300, allowing for a variety of uses. The asking price is $3,900,000, and the lease type is NNN. Rent bumps are included in the lease agreements. The property is owned by a Florida corporation and the APN is 04-311-8003-5220. This is a multi-tenant property with no credit rating provided for the tenants. The property's location within a rapidly redeveloping area further enhances its long-term investment prospects. This is a truly unique opportunity to acquire a well-located, income-producing asset with substantial 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
- -80.274
- Latitude
- 25.8332
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
