1202 4Th AveHialeah, FL 33010

This 7,772 square foot, single-story retail strip center in Hialeah, Florida, presents a compelling value-add investment opportunity. Located at 1202 E 4th Ave, this multi-tenant property boasts 100% occupancy across its six tenants within nine units. The property features 37 parking spaces, a significant advantage in a high-traffic area. Built in 1972 and recently undergoing its 50-year recertification, the property sits on a sizable 20,250 square foot corner lot zoned B-1, Hialeah-6300, offering considerable redevelopment potential. The asking price is $4,300,000, translating to $553.27 per square foot. The property's modified lease structure includes rent bumps, providing future income growth. The ample parking is gated and located at the rear of the building for tenant and visitor convenience. An adjacent property (13,500 sq ft) is also available for purchase, presenting an opportunity to expand the investment. This free-standing center is ideal for an owner-occupier seeking to utilize up to four bays or an investor looking to reposition the asset. The property is owned by a State of Florida corporation. The property's strong occupancy and prime location make it an attractive investment prospect.