Compelling investment opportunity to acquire Palm Avenue Motel, featuring 23 rooms in the sought after city of Hialeah. This exclusive offering allows investors a unique entry into Miami’s thriving tourism industry. Located on the vibrant Palm Avenue, the motel presents significant income growth potential through guest room renovations and optimized pricing strategies. Having a C-2- liberal zoning may provide an opportunity to redevelop. The building directly behind developed a 30 unit residential tower with rents around $1,600+ for a 1/1. Within walking distance to the City of Hialeah and public transportation. Close to airport, Miami Beach, Miami Springs, Wynwood and downtown Miami.
7,115 Sq Ft
0.31 Private Acres Exterior Space
Commercial
$24,468 Annual Tax
Built in 1962
MLS/Listing ID A11795651
Palm Avenue Motel
Heating - Wall Units
Cooling - Wall/window unit(s)
Construction - CBS
Listing Courtesy of THE CANERO GROUP, MARY ARBELAEZ - 786-624-0860
Source of Data: MIAMI ASSOCIATION OF REALTORS