951 Palm Ave Hialeah, FL 33010-4016
- Outlet malls
- 6,871 SF
- 0.31 lot acres
Nov 30, 2020
Current Use by Public Records
- Laundry Inc / Laundromat
- D & B ATM / Atm
Property Details for 951 Palm Ave
- Year built
- 1955
- Construction
- CONCRETE
- Lot size
- 0.31 lot acres
- Property size
- 6,871 SF
- Zone code
- 6400:COMMERCIAL,CENTRAL
- Property type
- Outlet malls
- APN
- 04-3118-003-0010
- APU
- 431180030010
Description
This exceptional 1600-square-foot retail space, located at 951 Palm Ave #951, presents a unique investment opportunity. Currently configured as a recently closed laundry facility, the property requires build-out to suit a new tenant's needs. The zoning designation is 6400. The property's Assessed Parcel Number (APN) is 04-31-18-003-0010. This single-tenant space offers significant potential for a variety of uses, with the landlord expressing a preference for a restaurant or food service establishment. The existing laundry facility equipment and business are also available for purchase separately, offering a potential turnkey operation for the right buyer. The property's asking price is $280,000. This prime location on Palm Avenue provides excellent visibility and accessibility, making it an ideal spot for a thriving business. The space is ready for a complete renovation to create a modern and functional layout tailored to the needs of a new tenant. Serious inquiries are encouraged to explore this exciting opportunity to establish a successful business in a high-traffic area. The property is zoned for a variety of uses, providing flexibility for potential tenants. This is a rare chance to acquire a well-situated retail space with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,920,000
- ML approach
- $1,935,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,990,000
- 6.5%
- $1,840,000
- 7%
- $1,705,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,927,000
Market price range: $1.34M - $2.50M
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Location Insight
- Map
- Local Demand
- City
- Hialeah
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.2814
- Latitude
- 25.8306
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA