45 3rd St Hialeah, FL 33010-4753
This 9-unit retail center, located at 45 W W 3rd St, Hialeah, FL 33010, presents a compelling investment opportunity. Built in 1983, the property is situated on heavily trafficked W Okeechobee Rd (SR 2), offering convenient access to the Hialeah business district. All nine units are currently leased to established tenants, including a restaurant, jewelry store, dental practice, beauty salon, and other retail businesses. Each unit features individual water and electric meters, simplifying management. A recent 40-year inspection has been completed. The property offers significant potential for future redevelopment, although buyers are advised to independently verify details with the City of Hialeah regarding permitted uses. The asking price is $3,100,000. This well-established shopping center provides a strong cash flow with the potential for significant long-term appreciation. The property's prime location and diverse tenant mix make it an attractive investment for both seasoned investors and developers seeking a high-return opportunity in a thriving market. Contact for more information and scheduling a viewing.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6401:COMMERCIAL · Hialeah, FLHialeah. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.