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

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].