4640 Palm Ave Hialeah, FL 33012
- Outlet malls
- 10,446 SF
- 0.46 lot acres
Current Use by Public Records
- Hialeah Coin Laundry / Dry Cleaner / Laundry
- Beyond Clean Coin Laundry / Laundromat
Property Details for 4640 Palm Ave
- Year built
- 1977
- Construction
- CONCRETE
- Lot size
- 0.46 lot acres
- Property size
- 10,446 SF
- Zone code
- 6500:COMMERCIAL,CLASSIF
- Property type
- Outlet malls
- APN
- 04-3106-045-0060
- APU
- 431060450060
Description
This exceptional opportunity presents a thriving, turnkey laundry business located at 4640 Palm Ave, Hialeah, Florida 33012, in Miami-Dade County. The 1,742 square foot property, built in 1977, boasts a strong, positive cash flow and is offered at an asking price of $340,000. The laundry is exceptionally well-maintained and features all new washing and drying machines, including two coin changing machines, two new commercial heaters, a new gas tank, and plumbing updated in January 2024. Equipment includes 18 dryers, two 60lb washers, eight 40lb washers, four 30lb washers, and five 20lb washers. Currently operating as a wash-and-fold, dry cleaning, self-service, and product sales business, this established laundry has been operating successfully for over 20 years. The sale includes the business name, all machinery and equipment, tables, chairs, workstations, decorations, and inventory. This turnkey operation offers significant growth potential while providing a solid foundation for immediate income generation. Its prime location at the intersection of 46th Street and Palm Avenue in Hialeah ensures high visibility and accessibility. This is a rare opportunity to acquire a profitable, established business with significant upside.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,460,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,930,000
- 6.5%
- $2,200,000
- 7%
- $2,005,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,100,000
- Geo Method
- $2,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,875,000
- Retail
- $1,965,000
- Mixed-Use
- $2,165,000
- Hospitality
- $1,830,000
- Educational
- $1,615,000
- Residential Income
- $2,000,000
- Energy
- $1,650,000
- Income-Based Land
- $1,645,000
- Food Service
- $2,075,000
Location Insight
- Map
- Local Demand
- City
- Hialeah
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2833
- Latitude
- 25.8644
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
