Motel – 23 Rooms in Hialeah, FL – Investment Opportunity with Redevelopment Potential
Commercial Sale
Category: Hospitality (Hotel / Motel)
Price:$3,900,000
Location: Hialeah, FL
Year Built: 1962
Days on Market: 60
Description:
Compelling investment opportunity to acquire Palm Avenue Motel, featuring 23 rooms in the sought after city of Hialeah. This exclusive offering allows investors a unique entry into Miami’s thriving tourism industry. Located on the vibrant Palm Avenue, the motel presents significant income growth potential through guest room renovations and optimized pricing strategies. Having a C-2- liberal zoning may provide an opportunity to redevelop. The building directly behind developed a 30 unit residential tower with rents around $1,600+ for a 1/1. Within walking distance to the City of Hialeah and public transportation. Close to airport, Miami Beach, Miami Springs, Wynwood and downtown Miami.
Compelling investment opportunity to acquire Palm Avenue Motel, featuring 23 rooms in the sought after city of Hialeah.
Listing Code: 1112525974