For Sale
$3,900,000

1202 4Th AveHialeah, FL 33010

Prime Hialeah retail, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 7,772 square foot, free-standing retail strip center located at 1202 E 4th Avenue in Hialeah, Florida. The property, situated on a prominent corner lot spanning 20,250 square feet, offers significant potential for value-add repositioning or redevelopment. Currently boasting 100% occupancy with six tenants across nine units, this Class C shopping center presents a stable income stream. The single-story building, constructed in 1972 and recently undergoing its 50-year recertification, features 37 parking spaces and gated access for tenants and visitors. The property benefits from easy ingress and egress, making it highly accessible. The zoning is B-1-Hialeah 6300, allowing for a variety of uses. The asking price is $3,900,000, and the lease type is NNN. Rent bumps are included in the lease agreements. The property is owned by a Florida corporation and the APN is 04-311-8003-5220. This is a multi-tenant property with no credit rating provided for the tenants. The property's location within a rapidly redeveloping area further enhances its long-term investment prospects. This is a truly unique opportunity to acquire a well-located, income-producing asset with substantial upside potential.

Highlights

  • Corner lot retail strip center at 1202 E 4th Avenue, Hialeah.
  • Recently completed 50-year recertification.
  • Offers value-add potential or immediate occupancy of up to seven bays.
  • Ample rear parking.
  • 20,250 SF corner lot ideal for redevelopment.

Property Details for 1202 4Th Ave

Property type
Lifestyle centers, Power centers
Square Feet
7,772 SF
Class
C
Year Built
1972
Buildings
1
Stories
1
Units
9

Location Insight

City
Hialeah
County
Miami-Dade
State
Florida
Latitude
25.83302
Longitude
-80.2739051
1202 4Th Ave, Hialeah, Florida

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1202 4Th Ave
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