581 27Th StHialeah, FL 33010

Property Details for 581 27Th St

Year built

1963

Property size (Sq ft)

2,000 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional Hialeah industrial property, located at 581 W 27th St, offers a compelling investment opportunity. The 2,000-square-foot warehouse, built in 1963 and fully renovated in 2023, boasts a single-story building on a single unit. Currently under a gross lease agreement with a tenant, the property provides a consistent cash flow with a lease term extending until September 30, 2026 (a remaining term of approximately two years). The asking price is $690,000. The property has undergone significant improvements, including a recently approved 40-year city inspection, updated electrical systems featuring three-phase electric service and over 400 amps capacity for equipment, and new electrical conduits and panels. This fully rented property presents a strong investment opportunity for buyers seeking stable income and potential for future commercial use. The property is situated in Miami-Dade County, Florida, zip code 33010. This is a single-tenant, single-building property with a lease commencement date of October 1, 2023. No tenant credit rating is available.

Location Insight

City

Hialeah

County

Miami-Dade

State

Florida

Latitude

25.8464

Longitude

-80.2938

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