For Sale
$4,500,000

1665 68Th StHialeah, FL 33014

Prime Hialeah Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully occupied, 13-tenant shopping center in Hialeah, Florida. Boasting 15,749 square feet of net rentable space on a 0.77-acre lot, the property features a 100% occupancy rate, generating a strong NOI of $285,697 and a 6.35% cap rate. The two-story, 1975-built center is situated on a prime commercial corridor with C-3 zoning, offering significant upside potential. The property includes 58 parking spaces plus street parking and a pylon sign. All 13 units are currently leased under a triple net (NNN) lease structure. The asking price is $4,500,000, translating to $266.97 per square foot. Detailed financial information, including the rent roll and proforma income statement, is available upon request. The property's concrete construction and recent 40-year certification add to its value and longevity. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving market. The address is 1665 W 68th St, Hialeah, FL 33014. The property's APN is 0420260410010. The occupancy date is August 7, 2024.

Highlights

  • Two-story multi-tenant retail center.
  • 15,749 square feet of gross leasable area (GLA) on a 0.77-acre lot.
  • C-3 zoned property with 33,438 square feet of land.
  • Completed 40-year certification.
  • 1975 construction with concrete structure.
  • 58 parking spaces plus street parking and pylon signage.

Property Details for 1665 68Th St

Property type
Lifestyle centers, Power centers
Square Feet
16,856 SF
Year Built
1975
Stories
2
Lot Size (sq. ft)
33,541 SF
Units
13

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.8849776
Longitude
-80.3164298
1665 68Th St, Hialeah, Florida

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1665 68Th St
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