Vacant-User

368 W 29th Street

368 W 29th St, Hialeah, FL 33012

Listing Price: $980,000

Cap Rate
4.45%
Gross SF
4,800
Price/Gross SF
$204.17
Lot Size
0.17 acres
Year Built
1965
Rentable SF
4,800

Investment Overview

Marcus & Millichap is proud to present 368 West 29th Street, an income producing property located in Hialeah, Florida. Currently fully occupied by two tenants, this property consists of a freestanding building with a total of 4,800 square feet of gross leasable space, situated on 7,405 square feet of land. Originally built in 1965, the property has a new roof and provides a parking ratio of 2:1,000 square feet.
The property features 67 feet of Frontage on West 29th Street with one curb cut. The street also has a high traffic count of over 35,000 Vehicles-per-day. The Property can easily be divided into three bays. Currently, the property is 100 percent occupied and all leases end May 31st, 2021 allowing for upside in rents.
Hialeah is one of the most fundamentally sound real estate markets in Florida. Although a submarket of Miami-Dade, Hialeah is the sixth largest city in Florida with a population of over 225,000 people within a confined infill area of only 21 square miles. Hialeah is home to the largest Spanish-speaking community in the United States. This has attracted many South American and international companies to Hialeah.

Investment Highlights

  • Suitable for an Investor, Owner-User or a Combination of Both
  • On-Site Parking
  • New Roof

Exclusively Listed By

Listing Price: $980,000

Cap Rate
4.45%
Gross SF
4,800
Price/Gross SF
$204.17
Lot Size
0.17 acres
Year Built
1965
Rentable SF
4,800

Investment Highlights

  • Suitable for an Investor, Owner-User or a Combination of Both
  • On-Site Parking
  • New Roof

Investment Overview

Marcus & Millichap is proud to present 368 West 29th Street, an income producing property located in Hialeah, Florida. Currently fully occupied by two tenants, this property consists of a freestanding building with a total of 4,800 square feet of gross leasable space, situated on 7,405 square feet of land. Originally built in 1965, the property has a new roof and provides a parking ratio of 2:1,000 square feet.
The property features 67 feet of Frontage on West 29th Street with one curb cut. The street also has a high traffic count of over 35,000 Vehicles-per-day. The Property can easily be divided into three bays. Currently, the property is 100 percent occupied and all leases end May 31st, 2021 allowing for upside in rents.
Hialeah is one of the most fundamentally sound real estate markets in Florida. Although a submarket of Miami-Dade, Hialeah is the sixth largest city in Florida with a population of over 225,000 people within a confined infill area of only 21 square miles. Hialeah is home to the largest Spanish-speaking community in the United States. This has attracted many South American and international companies to Hialeah.

Exclusively Listed By

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