4010 8Th AveHialeah, FL 33013

Property Details for 4010 8Th Ave

Year built

1959

Construction

CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

4,014 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

04-3105-005-2520

APU

431050052520

Description

This exceptional 13,076 square-foot retail property, located at 4010 E 8th Ave in Hialeah, Florida, presents a unique investment opportunity. Built in 1959, this corner lot property is ideally situated in the heart of Hialeah and is currently configured as an automotive dealership with general mechanical capabilities. The property boasts ample space to showcase and store up to 56 vehicles, secured by a gated entrance. The interior features a fully built-out office space, including a conference room offering a commanding view of the showroom. The double-unit structure includes two overhead hurricane-rated garage doors, ensuring both security and protection. Interior finishes include ceramic tile flooring, a kitchen, energy-efficient LED lighting, and three bathrooms. The property also includes three car lifts, enhancing its functionality for automotive services. Two dealer licenses and one general mechanical license are included in the sale, providing immediate operational capabilities. The asking price for this turnkey operation is $3,900,000. This property offers a rare combination of size, location, and existing infrastructure, making it an attractive investment for a variety of retail uses. The property's prime location in Hialeah, Florida, within Miami-Dade County (zip code 33013), ensures high visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $1,411,205

  6.5%

  $1,302,651

  7%

  $1,209,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $877,509

  Geo Method

  $877,509

• Alternative Use

  Use

  Valuation

  Residential

  $1,302,651

  Hospitality

  $1,193,221

  Educational

  $992,746

  Medical

  $1,026,888

  Retail

  $1,544,272

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8593

Longitude

-80.267

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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