8 E 13th St, Hialeah FL 33010

About This Property

Strategically located on Palm Avenue, the 23-room motel presents significant income growth potential through guest room renovations and optimized pricing strategies. The motel is under performing which provides a great opportunity for investor to get a good deal. Hialeah is one of the most sought out neighborhoods for investors due to the high turnover rates. Zoned C-2-liberal can provide a possibility of building a multifamily, located directly behind the newly built Palm Avenue Lofts with rents at $1,800+ for a 1/1 (500 sqft).

Property Details

Property Type

Hotel/Motel

Status

Active

MLS #

A12062666

Building Area

7,115 SF

Lot Size

13,500 SF

Year Built

1962

Zoning

6400

Days on Market

6

Price

$3,100,000