1202 4Th AveHialeah, FL 33010

Property Details for 1202 4Th Ave

Year built

1972

Construction

CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

7,772 SF

Zone code

6300:COMMERCIAL,RESTRICT

Property type

Retail properties

Property subtype

Outlet malls

APN

04-3118-003-5220

APU

431180035220

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,239,226

  6.5%

  $2,990,054

  7%

  $2,776,479

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,762,330

  Geo Method

  $2,762,330

• Alternative Use

  Use

  Valuation

  Residential

  $2,522,223

  Hospitality

  $2,310,342

  Educational

  $1,922,178

  Medical

  $1,988,284

  Retail

  $2,990,054

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8332

Longitude

-80.274

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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