5600 8Th AveHialeah, FL 33013

Property Details for 5600 8Th Ave

Year built

1951

Construction

CONCRETE

Lot size

0.36 AC

Property size (Sq ft)

2,420 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Other automotive properties

APN

04-2132-006-0060

APU

421320060060

Description

This exceptional Hialeah, FL retail property at 5600 E 8th Ave offers a unique opportunity for automotive businesses. The single-tenant space totals 3,279 square feet and is zoned 6400. However, this listing presents a combined opportunity with an adjacent lot (not included in the 3,279 sq ft), creating a substantial car dealership space. The combined rental area encompasses 11,264 square feet, with two side-by-side lots and a secure garage featuring two rolling doors, each accessing a separate car bay. The property boasts updated offices and ample space to accommodate up to 55 vehicles, maximizing sales and visibility. Its prime corner location in Hialeah, FL (zip code 33013) ensures high traffic, with the Florida Department of Transportation reporting 15,800 vehicles passing daily. The individual lot at 5600 E 8th Ave is available for $6,000 per month, while the adjacent lot (5612 E 8th Ave) is available for $8,500 per month. The combined rental rate for both lots is $14,500 per month. The APN is 04-21-32-006-0060. This property presents a rare chance to establish or expand an automotive business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,008,611

  6.5%

  $931,026

  7%

  $864,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $860,118

  Geo Method

  $860,118

• Alternative Use

  Use

  Valuation

  Residential

  $785,355

  Hospitality

  $719,381

  Educational

  $598,516

  Medical

  $619,100

  Retail

  $931,026

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8739

Longitude

-80.2673

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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