274 24th St Hialeah, FL 33010-1526

Property Details for 274 24th St

Year built

1958

Construction

CONCRETE

Lot size

0.15 lot acres

Property size

5,014 SF

Zone code

7100:INDUSTRIAL,LIGHT MFG

Property type

Warehouses

APN

04-3107-006-1004

APU

431070061004

Description

This exceptional investment opportunity presents three adjacent, meticulously maintained warehouses totaling 15,000 square feet in Hialeah, Florida. Each freestanding building boasts 5,000 square feet of well-designed space, featuring double doors, double bays, and impressive 18-foot ceilings. The property offers convenient truck access and ample on-site parking. Currently 100% occupied by three tenants under a gross lease with a remaining lease term of approximately 1.1 years (expiring January 12, 2026), this property provides immediate cash flow. Located in Miami-Dade County's thriving industrial hub, the property benefits from its strategic location, strong rental demand, and proximity to major transportation routes. The M-1 zoning allows for diverse industrial uses, including manufacturing, warehousing, and distribution. With six loading docks and a total of 18 parking spaces, this property is well-equipped to handle significant operational needs. The asking price is $4,275,000, translating to $285 per square foot and $1,425,000 per unit. The 19,350 square foot lot and the buildings, constructed in 1958, present a compelling value-add opportunity in a rapidly growing market, offering significant potential for long-term growth and lucrative returns. The current tenants provide a stable cash flow, with the potential for substantial rent increases upon lease renewal. This is a rare opportunity to acquire a well-maintained, high-demand industrial property in a prime Hialeah location.

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Longitude

-80.2877

Latitude

25.8433

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments