4640 Palm AveHialeah, FL 33012

Property Details for 4640 Palm Ave

Year built

1977

Construction

CONCRETE

Lot size

0.46 AC

Property size (Sq ft)

10,446 SF

Zone code

6500:COMMERCIAL,CLASSIF

Property type

Retail properties

Property subtype

Outlet malls

APN

04-3106-045-0060

APU

431060450060

Description

This exceptional opportunity presents a thriving, turnkey laundry business located at 4640 Palm Ave, Hialeah, Florida 33012, in Miami-Dade County. The 1,742 square foot property, built in 1977, boasts a strong, positive cash flow and is offered at an asking price of $340,000. The laundry is exceptionally well-maintained and features all new washing and drying machines, including two coin changing machines, two new commercial heaters, a new gas tank, and plumbing updated in January 2024. Equipment includes 18 dryers, two 60lb washers, eight 40lb washers, four 30lb washers, and five 20lb washers. Currently operating as a wash-and-fold, dry cleaning, self-service, and product sales business, this established laundry has been operating successfully for over 20 years. The sale includes the business name, all machinery and equipment, tables, chairs, workstations, decorations, and inventory. This turnkey operation offers significant growth potential while providing a solid foundation for immediate income generation. Its prime location at the intersection of 46th Street and Palm Avenue in Hialeah ensures high visibility and accessibility. This is a rare opportunity to acquire a profitable, established business with significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $4,353,699

  6.5%

  $4,018,799

  7%

  $3,731,742

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,712,726

  Geo Method

  $3,712,726

• Alternative Use

  Use

  Valuation

  Residential

  $3,390,008

  Hospitality

  $3,105,228

  Educational

  $2,583,514

  Medical

  $2,672,365

  Retail

  $4,018,799

Location Insight

City

Hialeah

County

Miami-dade

State

Florida

Latitude

25.8644

Longitude

-80.2833

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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